BTC Short Seller Takes Another Hit, Trims Exposure Again

A prominent Bitcoin short seller has taken another hit in recent days, reducing their position by 650 BTC for a $167k loss.

The trader, who is known to be holding $89.79 million in 1412 contracts, has been trimming exposure to the market over the past week.

This latest reduction brought total realized losses to $978k, but the position now sits at a floating profit of $456k.

The trader's original short position was opened near $63,999 and has seen three reductions in seven days.