A whale bought another $50.75 million worth of Bitcoin in 20 hours, with a total loss of over $16 million.

According to Lookonchain monitoring, the Bitcoin whale address bc1qgf has purchased another 455 BTC in the past 20 hours, totaling approximately $50.75 million. As of now, this address has accumulated 2,419 BTC since July 18th, totaling approximately $280.87 million, with an average purchase price of $116,104. However, with the current Bitcoin price of $109,397.7, this address has now suffered a paper loss of over $16 million.