Bitcoin Whale Panic-Sells $50M BTC After Price Dip, Realizing $26M Loss

A Bitcoin whale has “panic-sold” nearly $50 million worth of the flagship cryptocurrency amid the recent price drop, after accumulating $727 million in BTC earlier this year at $62,362 per coin, leading to a realized loss. According to data from on-chain cryptocurrency analysis service Lookonchain, the cryptocurrency whale panic-sold 800 BTC, worth $48.5 million, with […] source: https://www.cryptoglobe.com/latest/2024/10/bitcoin-whale-panic-sells-50m-btc-after-price-dip-realizing-26m-loss/