A large Bitcoin holder, referred to as a whale, panic-sold 2,019 BTC worth $141.5 million amid concerns about further declines in the cryptocurrency's price. This is not the first time the whale has sold off a significant amount of BTC, as they had already offloaded 5,506 BTC worth over $366 million since October 1. The whale had previously accumulated a large amount of BTC but has now incurred a loss of $26 million with their recent sales. Bitcoin's price was down 1.86% at the time of writing, and the broader cryptocurrency market also saw declines. Over $271 million in liquidations were recorded in the crypto market, with most positions liquidated being longs.



Other News from Today