Analysis:
CryptoNewsTerminal Staff15 Sep, 2024
Analysis:
On-chain analytics firm Lookonchain analyzed via official X (old Twitter) that "an anonymous whale wallet 35TZjtyCihT6KRCGqtyAgJtJAxvftiX2cR sold 500 BTC (approximately $30 million) about 12 hours before the short-term drop in BTC began." Lookonchain continued, "The whale in question has conducted three swing trades since its initial creation in February, and with the exception of the first trade, it has recorded losses in the following two trades. The wallet currently holds 259.58 BTC (valued at $15.15 million), and the losses from the last two trades are estimated to be over $6 million."
