According to the report, $3.2 billion of Bitcoin was sold at a loss last week after being acquired in the previous 4 to 13 weeks.

In a recent report by blockchain analytics company Chainalysis, the firm's Chief Economist Philip Gradwell explains that whales bought 77,000 bitcoin last week, now worth over $3 billion.

The buys by institutional investors took place when Bitcoin was trading in the $30,000 to $35,000 range.

Those, who entered the market more recently, experienced considerable losses.

Chainalysis claims that 1.2 million BTC was sent at a 5 to 25% loss, with 120,000 bitcoin moved at a 25% loss or worse.

According to the report, $3.2 billion of Bitcoin was sold at a loss last week after being acquired in the previous 4 to 13 weeks.

Moral of the story : Don’t FOMO in when prices are at all time highs, and if you do, don’t sell at a loss and feed the whales.

Source: https://finance.yahoo.com/news/report-shows-over-2b-worth-173718326.html