Key Points:
This BTC whale is suspected of selling 300 BTC for a staggering sum of $18.25 million. This is not the first time the whale has been in the headlines. From July 10 to July 23, the whale withdrew 855 BTC from an exchange as one probable strategy for protecting assets from market volatility. However, it suddenly turned sour on August 5, as markets worsened. Possibly in panic, the whale sold off 297 BTC to drive away bearish market sentiments.
Read more: Crypto Whales Keeping An Eye On These 3 Coins
Today’s suspected sale adds to the whale’s woes, bringing the total loss to a whopping $4.08 million. Despite all this, the whale still holds 259 BTC, although, with the current market movement, this position looks to be floating in a loss of approximately $805,000.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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