According to Golden Finance, on-chain analyst @ai_9684xtpa tracked a whale that bought 500 BTC at an average price of $63,554 in late August. Eleven hours ago, this whale liquidated their entire position at a price of $60,140, losing approximately $1.2 million.

In July, the same whale had bought 855 BTC at a high of $63,878. They cut their position when the price dropped to $57,031, incurring a loss of $4.087 million. The remaining 259 BTC still have an unrealized profit of $1.408 million.