Bitcoin Whale Sells Large Holdings at Loss, Reports BlockBeats

BlockBeats reports that a significant bitcoin whale has recently sold 400 BTC worth approximately $33.83 million after incurring losses. The sale occurred four hours ago, according to monitoring from Lookonchain. This action follows a four-month period during which the whale acquired 2,000 Bitcoin at a price of $98,896 per coin in March. Since then, the address has initiated multiple transactions, selling a total of 1,200 BTC for $98.6 million at an average price of $82,171 per Bitcoin, resulting in a loss of approximately $31.8 million for the whale.