On November 2, 2024, the cryptocurrency market saw a significant downturn affecting major assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This decline was accompanied by sell-offs and some accumulation activities.
A notable event was the dumping of $141 million in Bitcoin by a crypto whale, which was highlighted by the blockchain transaction tracker lookonchain on X (formerly known as Twitter).
This large-scale Bitcoin sell-off has increased concerns among investors regarding the possibility of a market crash and heightened uncertainty in the crypto sector.
