Bitcoin Whale Loses $25 Million in Staking Cycle

A prominent Bitcoin investor has seen a significant loss of over $25 million after completing an extensive unstaking process on the Babylon platform. This whale, known for holding large quantities of Bitcoin, ended a month-long journey by transferring 800 BTC worth $74 million back to Binance. This final move follows withdrawals initiated last month that saw the whale send over 2,000 BTC to Binance between April 10-12, 2024, when Bitcoin prices were surging past $98,896.