Whale Panic-Sells 800 BTC Amid Price Drop, Loses $26M Since June

The post Whale Panic-Sells 800 BTC Amid Price Drop, Loses $26M Since June appeared first on Coinpedia Fintech News

Amid the recent short-term crash in Bitcoin, a major Bitcoin whale has once again panic-sold 800 BTC worth $48.5 Million. Since the 19th of June, this whale accumulated 11,659 BTC for $727 Million at an average of $62,362 but has sold 10,345 BTC for $619 Million at an average of $59,847. This, recent sell-off results in an approximate loss of an astonishing $26 Million. Despite the minor offloading, the whale still holds 8,936 BTC valued at $540 Million.