Markets· ★★★· bearish·

Whale deposits 438 BTC worth $35.4M to Coinbase Prime at a loss

  • —438.37 BTC worth $35.38M deposited to Coinbase Prime
  • —Average purchase price of the 615.4 BTC was $105,271
  • —Unrealized loss on the position exceeds $15 million
  • —Remaining holdings are worth about $14.31 million
Why it matters: A losing whale moving coins onto an exchange custodian could precede a sale and add selling pressure below $81,000.
#BTC
Source: PANews
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