Gate News bot message, A whale holder identified as bc1ql5 has sold 500 BTC worth $45.37 million, realizing a significant loss of $10.5 million on the position.
The trader had initially purchased the Bitcoin on October 14, withdrawing 500 BTC valued at $55.95 million from centralized exchanges at a price of $111,899. However, Bitcoin’s price subsequently declined below $81,000, leading to the sale.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Whale Investor Takes $10.5M Loss on 500 BTC Position
Gate News bot message, A whale holder identified as bc1ql5 has sold 500 BTC worth $45.37 million, realizing a significant loss of $10.5 million on the position.
The trader had initially purchased the Bitcoin on October 14, withdrawing 500 BTC valued at $55.95 million from centralized exchanges at a price of $111,899. However, Bitcoin’s price subsequently declined below $81,000, leading to the sale.