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Crypto address cuts Bitcoin and Ether shorts by $8M, showing $302M in profits

Market News
14 Nov 2026, 11:02 WIB
Tokenpost
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Bullish
Crypto address cuts Bitcoin and Ether shorts by $8M, showing $302M in profits

A crypto address reduced its short positions in Bitcoin and Ether by about $8 million combined, including a 59.65 BTC cut valued at $4 million. The Bitcoin short position dropped from 1,379.42 BTC to 1,319.77 BTC, while the Ether short was trimmed by approximately $4.01 million. Despite these reductions, the address's contract account holds around $302 million in cumulative profits, indicating strong overall gains. This move may reflect a strategic adjustment in the address's trading positions amid market conditions.

Bitcoin trades at Rp1.222.650.601 on Pluang with a 1-day decline of 2.58% as of Nov 14, 2026 16:22 WIB. The news about a crypto address cutting Bitcoin and Ether shorts by about $8 million highlights ongoing strategic shifts in the market. Despite this, Pluang data shows a strong buyer presence with 67% buy orders and a typical hold time of 113 days, indicating steady investor interest.

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