Bitcoin

<p>Amid recent Bitcoin corrections, the whales are taking an early exit. Recently, four whales that had withdrawn 8,510 from the Bitfinex Exchange in July and August took a small exit. The whales have deposited 1,500 BTC worth $92.95M back into the system in the last 30 hours. They had accumulated at an average price of $64,434 and their recent offloading price stands at $61,965. Hence, the estimated loss for the four whales accounts for $30.54M, or nearly 5.5% of their holdings. Despite the setback, the whales still hold ~7,000 Bitcoins worth $424M in their wallets, which could lead to substantial supply inflow if the whales consider selling in the future.</p>

Bitcoin Whales Exit Early, Face $30M Loss

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