The situation highlights the unpredictability of the crypto market and its impact on investor strategies.<\/p>\n
Six days ago, the whale withdrew<\/a> <\/strong>1,850 BTC, valued at $188.7 million, from Binance when Bitcoin<\/a> <\/strong>was trading near a local peak of $102,000. The move may have reflected confidence in further price rallies or a need for liquidity. However, Bitcoin\u2019s price began to slide, eventually hitting $91,900, leading to a significant devaluation of the holdings. The whale later redeposited the same amount of BTC back to Binance when the price had recovered only slightly to $94,600, locking in the $13 million loss.<\/p>\n At present, Bitcoin is trading at $94,108, down 5% for the week. Market activity remains subdued, with active Bitcoin addresses dropping to a monthly low of 667,100, signaling cautious behavior among investors.<\/p>\n