Bitcoin Whale Suffers $13 Million Loss In A Week

A
Bitcoin
whale
lost
$13
million
in
6
days
trading
BTC
following
a
series
of
bad
decisions
made
over
the
last
week.

During
the
same
time
as
the
whale’s
trading
decisions,
Bitcoin’s
price
suffered
a
5%
correction.
This
pullback
continued
in
the
last
24
hours,
resulting
in


BTC

trading
at
$93,710.19
as
of
2:47
a.m.
EST.

Bitcoin
Whale
Suffers
Major
Loss
On
Binance

The


Bitcoin

whale’s
trades
were
highlighted
by
on-chain
analytics
platform
Lookonchain.
In
a
Jan.
13
X
post,
the
firm
said
that
the
whale
initially
withdrew
1,850
BTC,
valued
at
$188.7
million,
from
Binance
6
days
ago
when
the
leading
crypto’s
price
stood
at
$101,998.

6
days
ago,
a
whale
withdrew
1,850

$BTC($188.7M)
from

#Binance
at
$101,998.

8
hours
ago,
the
whale
deposited
1,850

$BTC($175.7M)
to

#Binance
at
$94,963.

Losing
$13M
in
6
days.https://t.co/sVYcWVjpqh

pic.twitter.com/2lokPJTpmJ

—
Lookonchain
(@lookonchain)

January
13,
2025

In
the
last
24
hours,
the
whale
then
deposited
the
same
amount
of
Bitcoin
on
the
centralized
exchange,
this
time
with
BTC’s
price
standing
at
$94,963.
This
resulted
in
a
$13
million
loss,
according
to
Lookonchain.

More
Patience
Might
Have
Led
To
A
Profit
For
The
Whale

While
the
crypto
whale
flagged
by
Lookonchain
might
have
panicked
and
sold,
analysts
maintain
an
optimistic
outlook
for
the
flagship
crypto.
Pseudonymous
analyst
and
trader
Rekt
Capital
told
his
more
than
529K
followers
on
X
that
Bitcoin
is
in
its
“first
price
discovery
correction.” 

#BTC

Bitcoin
is
in
its
first
Price
Discovery
Correction

Here
is
a
look
at
historical
first
Price
Discovery
Corrections:

2013:
-75%
in
13
weeks

2017:
-34%
in
3
weeks

2021:
-31%
in
4
weeks

2025:
-15%
in
4
weeks
thus
far

Of
course,
2013
is
the
clear
outlier

Perhaps
2017
&…

—
Rekt
Capital
(@rektcapital)

January
11,
2025

In
a
Jan.
11
X
post,
he
said
that
the
recent
15%
correction
in
Bitcoin’s
price
has
been
“much
shallower”
when
looking
at
historical
“first
price
discovery
corrections.”

Renowned
trader
and
analyst
Michael
van
de
Poppe
echoed
a
similar
sentiment
in
a
Jan.
11
X
post.
“I’m
expecting
that
we’ll
grind
upwards
from
here,”
he


said.

Both
analysts’
bullish
outlook
aligns
with
the
current
investor
sentiment
in
the
crypto
market.
The
Crypto
Fear
and
Greed
Index
currently


stands

at
61,
signaling
“Greed”
in
the
market.
This
is
slightly


down

from
last
month’s
“Extreme
Greed”
reading
of
83.

Related
Articles: