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A major contract trading account boosts its Bitcoin short by $4.63M amid price decline bets

Market News
20 Oct 2026
Tokenpost
View Source
Bearish
A major contract trading account boosts its Bitcoin short by $4.63M amid price decline bets

A contract trading account with over $126 million in cumulative profit increased its short position on Bitcoin by about $4.63 million, raising the short's value from $32.79 million to $37.5 million between Monday night and early Tuesday morning. This move signals the account's expectation of a further decline in Bitcoin's price. The increase in short exposure highlights cautious sentiment among some large traders despite Bitcoin's recent market activity.

Bitcoin short position growth is the subject, with Pluang market data providing context as of Oct 20, 2026 17:31 WIB. Among 50 major cryptocurrencies on Pluang, 16 rose and 32 fell today. Notably, CRV gained 3.03% with 99% sell order activity and a typical hold time of 62 days, contrasting with SAND which dropped 3.00% despite 56% buy activity and a longer hold time of 123 days, while AAVE fell 2.52% but saw 100% buy order activity and a hold time of 106 days.

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