Whale alert: Lookonchain, a blockchain monitoring platform, has spotted a large anonymous wallet purchasing 401 Bitcoin (BTC) at an average price of $66,957, totaling approximately $26.86 million. Lookonchain tracks high-value on-chain transfers to give market participants real-time insights into whale movements.
The same address had previously bought 81 BTC at $95,423 each on January 16, spending about $7.73 million. After BTC prices declined, the whale sold the entire position on February 23 at $64,243 per BTC, incurring a loss of roughly $2.5 million. The sale price represented a drop of over 30% from the buy price.
Now, months later, the address is back in the market, buying 401 BTC at a cost nearly 30% below its earlier entry. The wallet now holds the full 401 BTC, worth $26.86 million at current prices. Its cumulative loss from earlier trades stands at around $2.5 million, and the outcome of this fresh accumulation remains tied to future BTC price action.