Bitcoin Whale Sells at $20 Million Loss After Year-Long Downtime

A prominent Bitcoin investor has ended its year-long silence by transferring 625 BTC to the trading platform FalconX, according to data from Lookonchain.

The whale had withdrawn these assets via Coinbase Prime Custody about a year ago and held them dormant until now. The move is seen as preparation for a sale, but with a significant loss in value.

When first acquired, the 625 BTC were worth approximately $59.98 million, but their current market value has dropped to $39.96 million, resulting in a loss of more than $20 million in just one year.