16th largest Bitcoin whale buys 48k BTC before correction with $500M in unrealized losses

exchange68September 10, 2024

0 0 2 minutes read

Bitcoin is currently consolidating around the high $50,000s, trading 20% below its all-time high. The market recently experienced a 28% correction, dipping to just below $54,000, stirring fear reflected in the Fear and Greed Index at 28. Amidst this, a notable whale account, now the 16th largest Bitcoin holder, purchased a staggering 48,429 BTC around the market’s peak. Despite the downturn, this whale retains…

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