CandleFocus Bitcoin Whale Panic-Sells 800 $BTC, Loses $26 Million Since June
2024-10-11
Author: Content Editor
A crypto whale panic-sold 800 BTC worth $48.5 million after a recent drop in Bitcoin's price, according to on-chain analytics provider Lookonchain. The whale had been accumulating Bitcoin since June 19, gathering a total of 11,659 tokens valued at $727 million. However, they later sold 10,345 BTC at a loss of nearly $26 million, but still hold 8,936 BTC worth around $540 million. This event highlights the volatility of the crypto market and the emotional reactions it can trigger. Selling during a dip may create further price fluctuations and influence market sentiment.
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