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Bitcoin OG Expands Short Position to 1,423 BTC Following $160M Profit
Gate News bot message, A prominent Bitcoin OG trader who previously secured over $160 million in profits from shorting BTC and ETH during the market downturn has expanded their Bitcoin short position. According to Lookonchain data from October 11, the trader had initially closed most BTC and ETH short positions, maintaining only 821.6 BTC ($92M) in shorts. The current short position has increased to 1,423 BTC, valued at approximately $161 million, amid the market’s upward movement.