Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
A Bitcoin bull was liquidated at $109,892, incurring a loss of $12.49 million, possibly due to a seven-year dormant ancient whale selling BTC to switch to ETH

A Bitcoin bull was liquidated at $109,892, incurring a loss of $12.49 million, possibly due to a seven-year dormant ancient whale selling BTC to switch to ETH

金色财经2025/08/25 00:07
BTC+0.03%ETH-0.49%

According to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that a certain Bitcoin bull was liquidated at $109,892, incurring a loss of $12.49 million. Yesterday’s sharp BTC wick downward caused significant losses for long positions, with total liquidations across the network reaching $628 million in the past 24 hours and over 130,000 traders being liquidated. As for the reason, many analysts speculate that it may be due to an ancient BTC whale, dormant for seven years, who recently made a high-profile switch to ETH and sold off their BTC holdings. Currently, this whale still holds 67,118 BTC ($7.62 billion) on-chain.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
BNB Chain project OracleBNB experiences a rug pull
2
GMGN Co-founder: Unconcerned About SCI6900 Price Fluctuations, Will Not Sell

Crypto prices

More
Bitcoin
Bitcoin
BTC
$121,598.16
-0.10%
Ethereum
Ethereum
ETH
$4,340.82
-0.17%
Tether USDt
Tether USDt
USDT
$1
+0.01%
BNB
BNB
BNB
$1,257.69
-1.49%
XRP
XRP
XRP
$2.82
+0.50%
Solana
Solana
SOL
$219.45
-0.83%
USDC
USDC
USDC
$0.9998
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2483
+1.52%
TRON
TRON
TRX
$0.3353
-0.50%
Cardano
Cardano
ADA
$0.8150
+1.08%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter