Will the massive Bitcoin whale be able to bounce back after a streak of massive losses?
As noted by the firm, this is the same whale who foolishly lost a whopping $40 million with some poorly-timed trades.
Prior to that, the whale sold nearly half a billion dollars worth of Bitcoin between June 27 and July 8. It remains to be seen whether the whale will be able to bounce back with the most recent trades. Despite some massive transfers that are occasionally recorded by analytics firms, whale transactions are getting less frequent, according to Santiment.
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