Bitcoin whales realize $386M in losses in a single day: CryptoQuant
Key Takeaways
- Bitcoin whales realized $386 million in losses in a single day, according to CryptoQuant.
- Capitulation by new whales marks one of the largest recorded single-day loss realizations.
Bitcoin whales realized $386 million in losses in a single day, according to data from CryptoQuant, which monitors on-chain metrics for cryptocurrencies.
Bitcoin fell from above $94,000 to $90,000 on Wednesday following the US Federal Reserve’s decision to lower interest rates by 25 basis points.
Despite generally bullish conditions for risk assets with lower borrowing costs, concerns about future economic conditions outweighed the immediate benefits of the rate cut.
According to analysts, monetary and fiscal stimulus around the 2026 US election may rekindle inflation, driving long-term interest rates up and applying pressure to Bitcoin.
Bitcoin was trading at around $90,000 at press time, down 2% in the last 24 hours, per CoinGecko.
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