A whale sold 500 BTC bought after the 10.11 dip, incurring a loss of over $10.5 million.

Jinse Finance reported, according to monitoring by Lookonchain, whale bc1ql5 sold 500 bitcoins (worth $45.37 million) 9 hours ago to cut losses, incurring a loss of over $10.5 million. It is reported that this whale had previously bought the dip on October 14, withdrawing 500 bitcoins (then worth $55.95 million) from an exchange. Afterward, the price of bitcoin once reached $111,899, but then began a continuous decline.