Crypto
Bitcoin Whale Dumps $7M in BTC After Record-Breaking Loss
A Bitcoin whale has made a significant move after a sharp reversal in the cryptocurrency market wiped out its $91 million unrealized profit.
The wallet, identified by the prefix 'bc1qwx,' bought 1,768 BTC for $131.91 million at an average price of $74,603 before Bitcoin's bull run.
When Bitcoin reached a record $126,080 on Oct. 6, 2025, the position's unrealized profit had climbed to about $91 million, but the holder did not sell.
Bitcoin has since fallen about 50% from that peak to $63,604, leaving the whale with an estimated $19.7 million loss on the position.
The wallet then deposited 114 BTC into Kraken, which Lookonchain said may indicate the holder is preparing to sell.