• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Giant Bitcoin Whale Officially Failed! 13 Million Dollar Big Mistake!
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Bitcoin and BTC > Giant Bitcoin Whale Officially Failed! 13 Million Dollar Big Mistake!
Bitcoin and BTC

Giant Bitcoin Whale Officially Failed! 13 Million Dollar Big Mistake!

vitalclick
Last updated: January 13, 2025 2:17 pm
5 months ago
Share
SHARE

Contents
Wrong Strategies and LossesBitcoin Price FluctuationsAnalyst Opinions

Fluctuating developments in the crypto market can affect investors’ decisions. A Bitcoin recently $92,802.9 Whale lost $13 million in six days with wrong strategies. This situation once again showed the impact of market movements on investors.

Wrong Strategies and Losses

Whale withdrew 1,850 BTC from Binance six days ago. At that time, the price of Bitcoin was approximately 102 thousand dollars. Withdrawing a large amount of BTC at a high price indicated either a belief by the whale that the price would rise or a need for liquidity outside the exchange. However, the Bitcoin price fell to a weekly low of 91.9 thousand.

Bitcoin Price Fluctuations

Six days later, the whale decided to deposit the same amount of BTC back to Binance. However, at that time, the Bitcoin price dropped to 94.6 thousand. This action caused the whale to lose 13 million dollars as a result of his impatience. This decline in Bitcoin price once again revealed how volatile the market is.

Analyst Opinions

Crypto analyst Crypto Patel predicts that Bitcoin could drop to $70,000 to $75,000 due to current volatility. Patel stated that if it falls below $92,000, there may be a larger decline in the BTC price and it may recover to $160,000 to $170,000 in the future.



The price of Bitcoin is at $94,108 at the time of writing, and there has been a 5 percent decline within the week. This decline increases the risk of loss not only to the whale, but also to other investors.

The number of Bitcoin active addresses dropped to its monthly low at 667,100. This shows that risky behavior around Bitcoin is increasing. Many analysts think this could be due to Trump’s crypto promises and other macroeconomic events.

These fluctuations in the markets require investors to be careful. Patience and a calm mind stand out as important factors to avoid losses in volatile markets.

As a result, quick and inaccurate decisions in the crypto market can lead to huge losses. The $13 million loss experienced by the Bitcoin whale once again reminded investors of the importance of being patient and following market movements carefully.



Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

Owning Bitcoin is Now a Dream for Some! Why Has It Become So Difficult to Reach 1 BTC?

What happened in Bitcoin, why did the price fell? Those who escaped from the crypto currency king!

Bitcoin move from the Norwegian State Fund! 3821 pieces reached BTC!

Flash Report from Grayscale! While trade tensions push economies, interest in Bitcoin increases

BlackRock Data: Bitcoin (BTC) Outperforms Gold

TAGGED:BitcoinBTC
Share This Article
Facebook Twitter Email Print
Previous Article Flash Development in Bitcoin and XRP! Peter Brandt’s Critical Chart Analysis Created a Mess!
Next Article Key US Economic Events This Week and Their Impact on Cryptocurrencies
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?