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Bitcoin short position grows by $3.52M, nearing $197.2M with $135M in gains

Market News
20 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin short position grows by $3.52M, nearing $197.2M with $135M in gains

A trading address increased its Bitcoin short position by about $3.52 million early Tuesday, pushing the total short to nearly $197.2 million. This account has accumulated over $135 million in contract gains, indicating significant profits from its bearish stance on Bitcoin. The addition occurred between 3:12 and 3:34 a.m. ET on October 20, with the position value rising from $194.2 million to $197.2 million by 3:56 a.m. ET. This move highlights continued strong bearish bets on Bitcoin by large traders.

The trading address expanding its Bitcoin short position provides context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Oct 20, 2026 19:51 WIB: Of 50 major cryptocurrencies priced on Pluang, 20 rose and 29 fell today. Notable movers include DOT at Rp20.695 with a 1-day change of +2.39% and 83% sell order activity, XTZ at Rp5.522 with +2.35% and 100% buy order activity, and EGLD at Rp65.928 with +2.31% and 57% buy order activity.

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