Bitcoin Whale Sells 500 BTC in Stop-Loss Sell-Off, Incurs Over $10.5M Loss After October 14 Dip-Buy
BTC/USDT
$23,298,561,101.23
$66,025.52 / $63,030.00
Change: $2,995.52 (4.75%)
-0.0012%
Shorts pay
COINOTAG News, citing LookIntoChain, reports that the Bitcoin address bc1ql5, a noted whale, sold 500 BTC in a stop-loss exit, realizing a loss of more than $10.5 million on a position valued at about $45.37 million, signaling a risk-off stance in the spot market.
The same whale previously augmented exposure by withdrawing 500 BTC from Binance on October 14, a move valued at $55.95 million at the time, indicating a dip-buy approach amid pronounced BTC price volatility.
In intraday action, Bitcoin briefly traded near $111,899 before retreating, underscoring ongoing liquidity dynamics and the susceptibility of short-term BTC price action to large-volume orders.