CryptoMedium•9 November 2026•
1 min read
Trader Closes $120.54M Bitcoin and Ether Shorts
Key Facts
1A trader closed short positions on BTC and ETH totaling $120.54 million.
2The closures generated $2.75 million in profit, with $25.55 million remaining in open positions.
A trader closed short positions on BTC and ETH totaling $120.54 million. Tokenpost reported that the closures generated $2.75 million in profit, while the trader maintained $25.55 million in remaining open positions.
The closed positions consisted of $97.3 million in BTC shorts and $23.24 million in ETH shorts. This large-scale short covering reflects a reduction in bearish bets by major market participants during trading on November 9, 2026.