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A Bitcoin derivatives account cut 660 BTC short position, still holding 1,818 BTC worth $141M.

Market News
30 Oct 2026, 14:44 WIB
Tokenpost
View Source
Neutral
A Bitcoin derivatives account cut 660 BTC short position, still holding 1,818 BTC worth $141M.

A derivatives account reduced its Bitcoin short position by closing 660.4 BTC between 4:56 and 6:22 a.m. ET on October 30, at an average price of $77,663.88, worth about $51.29 million. The account still holds a remaining short position of 1,818 BTC valued at approximately $141 million. The account has a cumulative profit of around $149 million from these contracts. This move indicates active management of large Bitcoin short positions in the derivatives market.

Bitcoin trades at Rp1.404.433.770 on Pluang as of Oct 30, 2026 19:01 WIB, showing a 3.68% decline in the past day. The platform records a high trading volume of Rp1.035,83 trillion, with 60% of orders being sell orders. Typical holding time for Bitcoin on Pluang is 112 days, indicating steady investor engagement despite recent price drops.

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