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.
Source: https://en.coinotag.com/breakingnews/bitcoin-whale-sells-500-btc-in-stop-loss-sell-off-incurs-over-10-5m-loss-after-october-14-dip-buy
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