Bitcoin Whale Sells 500 BTC in Stop-Loss Sell-Off, Incurs Over $10.5M Loss After October 14 Dip-Buy
BTC/USDT
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$70,516.82 / $68,110.55
Change: $2,406.27 (3.53%)
+0.0001%
Longs 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.