Bitcoin

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According to data provided by cryptocurrency analytics firm Lookonchain, a Bitcoin whale recently liquidated a whopping $18.25 million worth of Bitcoin at a loss.&nbsp;
The whale initially purchased $54.6 million worth of Bitcoin at $63,878 last month. They liquidated a large chunk of Bitcoin (BTC) during the Aug. 5 market crash.&nbsp;&nbsp;
As reported by U.Today, the price of the leading cryptocurrency collapsed to as low as $49,557 on the Bitstamp exchange after global stock markets collapsed. For instance, Japan's Nikkei sank by as much as 10%. The whale ended up selling $15.8 million at a loss on that day only for the market to bounce back in a relatively short span of time.&nbsp;
Bitcoin regained the $60,000 level on Aug. 8, surging by almost 14% in a single day.&nbsp;
Fundstrat's Tom Lee recently&nbsp;<a href="https://u.today/fundstrats-tom-lee-bitcoin-is-replacing-gold" rel="noopener noreferrer nofollow">opined</a> that the strong and swift recovery speaks to the resilience of markets.&nbsp;
Despite making an extremely untimely trade earlier this month, the whale did not seem to learn their bitter lesson since they went on to sell another 300 BTC at a loss.&nbsp;
Notably, the whale did make a profit of $528,000 in March, but they sold their BTC less than two weeks before Bitcoin hit its current all-time high above the $73,000 level, thus missing out on more substantial gains.&nbsp;

Bitcoin Whale Takes Massive Loss with Recent Sale

U_Today

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