Whale Realizes $228M Loss Even as Only 7% of Token Supply Sits Underwater
- —Whale realized a $228 million loss by selling instead of waiting for a rebound
- —Only 7% of the token's supply was underwater when the sale occurred
- —About 93% of supply was in profit or at breakeven
- —For context, roughly 23.7% of Bitcoin's supply is currently underwater
Why it matters: A rising share of supply in loss could signal growing seller pressure and the risk of further forced or voluntary selling.
Source: Crypto Briefing