CandleFocus Crypto Whale Dodges $26.47 Million Liquidation
2024-09-10
Author: Content Editor
A crypto whale holding a $26.47 million position in Wrapped Bitcoin (WBTC) narrowly avoided liquidation as Bitcoin's price dropped to $52,550. The whale had previously been liquidated three times during the 2022 market downturn, losing a total of $32.82 million. Several addresses sold Bitcoin during the price decline, while others purchased significant quantities. Galaxy Digital also transferred over $78 million worth of Bitcoin to Coinbase Prime, possibly for security or sale. These actions of major players in the crypto market can influence market movements.
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