Bitcoin Address With 98% Win Rate Cuts Longs by $6.7 Million

A Bitcoin (BTC) address with a roughly 98% win rate across 42 trading rounds reduced its long position by about $6.7 million over Nov. 4-5, while retaining about $18.1 million in BTC longs.

The address closed about $2.2 million in longs, opened about $1.8 million, then closed another $6.2 million. The closed positions had a weighted average execution price of $80,253. The position it opened had a weighted average price of $80,104.

The address, 0xf517639a8872e756ac98d3c65507d2ebc25cc032, recorded the roughly 98% win rate across Bitcoin trades from Sept. 18 through Oct. 30, before the latest position changes.

In an earlier snapshot, the address had cut about $9.33 million in longs by Oct. 29. The earlier position cut provides a prior reference point for its trading activity.