Bitcoin whale lost $ 13 million in six days

One of the anonymous crypto whales suffered significant losses, losing $ 13 million in bitcoins BTC $97,292.96 Bitcoin 2.63% Market capitalization $1.93 trillion VOL. 24 hours $2.69 billion in just six days. According to the data, the whale sold the cryptocurrency during a significant market downturn, securing its losses. This was noted by Lookonchain analysts.

The analysts note that the investor made several large transactions, selling 500 BTC, each of which was bought at a much higher price. The bulk of the assets were purchased when the price of bitcoin was hovering around $ 69,000, while at the time of the sale, the quotes fell to about $ 26,000.

Experts suggest that such actions could have been caused by panic due to a sudden decline in the crypto market or the need for quick liquidity. In such cases, emotional decisions often lead to losses, especially among large players whose actions can influence the market.

This situation emphasizes the risks of investing in cryptocurrencies, where volatility can cause significant losses even for experienced investors. Experts advise sticking to a long-term strategy, avoiding emotional sales, and carefully analyzing market conditions before making large transactions.

Despite the losses, bitcoin continues to be an attractive asset for many investors who see it as a tool for long-term value preservation.