Even whales can’t hold on—selling off and cutting losses to exit with 800 BTC. This $1.26 million tuition fee tells us: leverage is a double-edged sword—don’t get carried away, even in a bull market.

BTC-1.34%
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CoinNetwork
CoinWorld news, as the price of Bitcoin fell below $61,000, the whale address 0xebe8 chose to close its long position of 800 Bitcoins (worth approximately $48.8 million), incurring a loss of about $1.26 million.
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