Odaily reported, citing monitoring by on-chain analyst Yu Jin, that a whale fully exited a 1,105 BTC position today after holding it for seven months. The BTC was valued at $69.43 million, and the move resulted in a realized loss of $26.9 million.
According to Yu Jin’s monitoring, the whale had withdrawn BTC from Binance and OKX to on-chain addresses between last November and this February. The reported average acquisition level for those withdrawals was $87,181. Today, the same batch of BTC was transferred back to Binance in full.
The disclosed on-chain movement shows several clear data points: the withdrawal sources were Binance and OKX, the holding period was seven months, the destination of the latest transfer was Binance, and the amount involved was 1,105 BTC. Based on the monitored cost basis and transfer data, the whale realized a $26.9 million loss on the position.