Ramazan Eles 
A cryptocurrency whale made headlines this morning by selling Bitcoin (BTC) at a loss.
Bitcoin’s price has shown signs of recovery this week, thanks to the release of the Federal Reserve meeting minutes and developments in the U.S. presidential election. According to CoinGecko, Bitcoin has gained nearly 5% on a weekly basis, approaching the $61,000 mark.
Blockchain analysis platform Lookonchain reported that the whale purchased 855 Bitcoin (worth $54.6 million) in July at an average price of $63,878 per coin. However, during a market-wide downturn on August 5th, the whale sold 297 Bitcoin (worth $15.8 million) at a loss. This was during a period when Bitcoin’s price dropped as low as $49,000, affecting the entire cryptocurrency market.
According to blockchain records, the same investor sold another 300 Bitcoin (worth $18.25 million) today, also at a loss. After these transactions, the whale’s wallet now holds 259 Bitcoin (worth $15.74 million), and the total loss from these sales is estimated to be approximately $4.8 million.
Historical data reveals that this same whale purchased 210 Bitcoin (worth $13.1 million) between February 29th and March 2nd at an average price of $62,337 per coin. Although the whale sold these coins on March 6th at $65,165 each, making a profit of $528,000, Bitcoin’s price continued to rise, surpassing $73,000 by March 14th. The Lookonchain team commented, “This whale doesn’t seem to be a smart trader.”
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