Bitcoin Whale Sells 500 BTC in Stop-Loss Sell-Off, Incurs Over $10.5M Loss After October 14 Dip-Buy
BTC/USDT
$37,597,872,454.04
$79,186.81 / $72,945.50
Change: $6,241.31 (8.56%)
+0.0015%
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.