Bitcoin Whale Panic-Sells 2,019 BTC Amid Price Drop, Total Sales Reach $366.9 Million

On November 2, COINOTAG revealed significant market activity as a prominent whale executed a rapid sell-off, offloading 2,019 BTC, valued at approximately $141.5 million. This transaction was documented by Lookonchain and underscores a growing trend among large holders to liquidate positions in response to recent Bitcoin price fluctuations. Since October 1, this particular whale has divested a total of 5,506 BTC, which equates to around $366.9 million. Following this sell-off, the whale maintains a remaining balance of 4,980 BTC, translating to roughly $345.5 million. Such movements reflect the increasing influence of market sentiment on institutional strategies, highlighting the need for investors to closely monitor large transactions that can lead to increased volatility in the cryptocurrency market.