Whale Address Sells Bitcoin at a Loss, Reports BlockBeats

According to BlockBeats, a whale address has recently redeemed 400 BTC, valued at $33.83 million, and sold them at a loss. This transaction occurred four hours ago, as monitored by Lookonchain. Four months ago, the whale address purchased 2,000 BTC for $197.8 million at a price of $98,896 per Bitcoin. The selling activity began on March 11, with the address redeeming and selling BTC. To date, the address has sold a total of 1,200 BTC for $98.6 million at an average price of $82,171 per Bitcoin, resulting in a total loss of $31.8 million.