Giant Whale Fear in Bitcoin: Will He Sell the BTCs He Bought Last Week at a Loss?

The giant Bitcoin (BTC) whale made a large transfer to the cryptocurrency exchange.

According to the data provided by the on-chain analysis platform Lookonchain, the whale, which took action on June 27, transferred 1,200 BTC worth $ 73.4 million to the cryptocurrency exchange Binance.

This whale had transferred the Bitcoin assets to OKX and Binance just a week ago and withdrawn them to his private wallet.

However, something must have changed in the past period, and although his investment was still at a loss, he made a stock market transfer. If the whale sells these Bitcoins he bought last week, his total loss will be over $4.5 million.

Although clear information is not possible, analysts predicted that the whale was being prepared for sale with this transaction.

He has hundreds of millions of dollars worth of Bitcoin

This whale, which created panic with its last transaction, was actually recorded as an investor who continued to hold Bitcoin for a long time. Whale made his first purchase in pieces about 1 year ago and accumulated it regularly.

According to current data, the whale holds 10,149 BTC worth $622.4 million.