$BTC
Giant Whale Shocks with 'Panic Sell'!
2019 BTC Instantly Vaporized!
Valued at up to $141.5 million!
On November 2, lookonchain data was released with shock: as Bitcoin prices plummeted, a mysterious giant whale unexpectedly 'panicked' and sold an astonishing 2019 BTC!
Since October 1, this giant whale has cumulatively sold 5506 BTC, with a total value of up to $366.9 million!
Currently, this giant whale still holds 4980 BTC, valued at approximately $345.5 million.
In my view, this giant whale's selling behavior contains both rational and irrational components. From a rational perspective, selling can reduce risk and yield returns, which is a common choice for investors facing market volatility.
However, from an irrational perspective, this giant whale may have a biased judgment of the market outlook, leading to excessive selling behavior.
Regardless, this giant whale's selling behavior once again reminds us that the cryptocurrency market remains a field full of risks and challenges. Investors need to stay calm and rational, and not be swayed by short-term market fluctuations.
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