The post Bitcoin whale dumps $45 million worth of BTC appeared on BitcoinEthereumNews.com. Even after rebounding from $80k dip and briefly touching a local high of $93k, Bitcoin [BTC] has failed to sustain an upward momentum.  In fact, BTC has remained below its 20-, 50-, 100-, and 200-day Moving Averages, reflecting intense bearish pressure. On the back of this market slowdown, investors, especially whales, have capitulated, fearing potentially more losses.  A Bitcoin whale realizes $10.5M loss! According to Lookonchain, a whale sold 500 BTC worth $45.37 million to cut his losses, losing over $10.5 million in the process. This whale attempted to buy the dip in October, withdrawing 500 BTC, worth $55.95 million at $111,899, from Binance.  However, the prices continued to decline, and BTC later fell below $80,000. At some point, the whale was sitting on unrealized losses of over $20 million.  Source: Lookonchain Now that BTC is hovering around $90k, the whale decides to offload at a loss, fearing further losses. Interestingly, this is not an isolated case, as Bitcoin holders, both Short- and long-term, have continued to sell at a loss.  According to Checkonchain, Short-term holders realized losses jumped to 10.2k BTC, while LTHs realized a loss of 2,237.152 BTC.  Source: Checkonchain In fact, long-term holders have realized losses throughout November, reflecting the long duration of the bearish trend. MegaWhales refuse to budge Significantly, while most market participants are capitulating and selling at a loss, MegaWhales have taken the opportunity to accumulate at a discount. In fact, MegaWhale’s Balance change has jumped to mid-October levels, holding above 100k BTC for three consecutive days. At the time of writing, the cohort balance change stood at around 103k, indicating aggressive accumulation by the cohort. Source: Checkonchain Such a sustained appetite from the group shows strong bullish sentiment, as they currently view Bitcoin as undervalued. Is there light for BTC going to December?… The post Bitcoin whale dumps $45 million worth of BTC appeared on BitcoinEthereumNews.com. Even after rebounding from $80k dip and briefly touching a local high of $93k, Bitcoin [BTC] has failed to sustain an upward momentum.  In fact, BTC has remained below its 20-, 50-, 100-, and 200-day Moving Averages, reflecting intense bearish pressure. On the back of this market slowdown, investors, especially whales, have capitulated, fearing potentially more losses.  A Bitcoin whale realizes $10.5M loss! According to Lookonchain, a whale sold 500 BTC worth $45.37 million to cut his losses, losing over $10.5 million in the process. This whale attempted to buy the dip in October, withdrawing 500 BTC, worth $55.95 million at $111,899, from Binance.  However, the prices continued to decline, and BTC later fell below $80,000. At some point, the whale was sitting on unrealized losses of over $20 million.  Source: Lookonchain Now that BTC is hovering around $90k, the whale decides to offload at a loss, fearing further losses. Interestingly, this is not an isolated case, as Bitcoin holders, both Short- and long-term, have continued to sell at a loss.  According to Checkonchain, Short-term holders realized losses jumped to 10.2k BTC, while LTHs realized a loss of 2,237.152 BTC.  Source: Checkonchain In fact, long-term holders have realized losses throughout November, reflecting the long duration of the bearish trend. MegaWhales refuse to budge Significantly, while most market participants are capitulating and selling at a loss, MegaWhales have taken the opportunity to accumulate at a discount. In fact, MegaWhale’s Balance change has jumped to mid-October levels, holding above 100k BTC for three consecutive days. At the time of writing, the cohort balance change stood at around 103k, indicating aggressive accumulation by the cohort. Source: Checkonchain Such a sustained appetite from the group shows strong bullish sentiment, as they currently view Bitcoin as undervalued. Is there light for BTC going to December?…