A whale has reportedly sold a large amount of Bitcoin. The data from Lookonchain reveals that this anonymous investor bridged Bitcoin BTCUSD to Ethereum, converting it to Wrapped Bitcoin WBTC. The whale has sold a total of 411 WBTC, amounting to approximately $15.2 million, at an average price of $37,023 per Bitcoin. Currently, the whale’s wallet still holds 155 WBTC, valued at around $5.74 million.
The cryptocurrency market, often characterized by its volatility, is witnessing a tug-of-war between bulls and bears.