According to Lookonchain, a whale address redeemed another 400 BTC (worth $33.83 million) four hours ago and sold it at a loss. The whale address bought 2,000 BTC (worth $197.80 million) at $98,896 four months ago and began redeeming and selling BTC on March 11. The address cumulatively sold 1,200 BTC (worth $98.60 million) at $82,171, for a total loss of $31.80 million.