A whale who had been accumulating BTC at a high price sold off 300 coins at a loss, incurring a loss of $8.82 million.

PANews reported on April 7 that, according to Ember Monitoring, a whale who accumulated BTC at high prices from January to March last year transferred 300 BTC (approximately US$20.6 million) to Binance half an hour ago.

Data shows that the whale had previously purchased 510 BTC (approximately $50.07 million) through Binance at an average price of $98,190. The transfer of these 300 BTC resulted in a loss of approximately $8.82 million, indicating that the whale chose to cut its losses and exit the market under the current conditions.