A Bitcoin whale sold 625 BTC worth $39 million, realizing a $20 million loss after one year. The whale had purchased these tokens when BTC was trading around $96,000, spending a total of $59.98 million. Since then, BTC has dropped approximately 33%, inflicting significant losses on the investor. Despite this sale, long-term holders (LTHs) are not massively offloading their positions, with the RHODL ratio falling to levels not seen since October 2023. Bitcoin is trading around $64,300 at press time, with $66,000 serving as key resistance to break for improved recovery prospects.
Source: Read the original article
