Crypto Trader Cuts $11.94 Million Bitcoin Short Position at $77,362.13 Execution Price

A cryptocurrency trading address reduced its Bitcoin short exposure by roughly $11.94 million, closing approximately $11.92 million in short contracts at an average execution price of $77,362.13 per coin. Following the unwind, the account's remaining short position stands at 79.69 BTC, valued at about $6.17 million. Although the trader recorded $25.36 million in 30-day profits, the address maintains a historical cumulative net loss of about $18.79 million. The move follows an earlier position adjustment on October 30, when a separate whale wallet trimmed $4.01 million in Bitcoin longs while holding $55.78 million in cumulative profits.