Bitcoin Whale Admits $7 Million Loss: Are Bulls Giving Up?
The giant crypto whale started selling the Bitcoins he bought last week at a loss this week.
According to data provided by on-chain analysis platform Spot On Chain, another Bitcoin whale started selling at a loss. Current data revealed that the whale transferred 1,000 BTC worth $55.36 million to cryptocurrency exchange Binance on September 6.
The whale had purchased 2,322 BTC worth approximately $136 million from Binance between August 29 and September 3.
Considering the current Bitcoin price, the whale lost around $7 million in a short time.
According to CoinGecko data, Bitcoin, which has increased by 0.4% in the last 24 hours, is trading at $55,800 at the time of writing.
