A cryptocurrency whale identified as 0x3E38 has sold 700.2 Wrapped Bitcoin (WBTC) valued at $59.95 million over the past two days, incurring a loss of $21.68 million. This investor had accumulated the same amount of WBTC between May 12 and July 24 for $81.64 million, with an average purchase price of $116,593 per Bitcoin. The recent decline in Bitcoin's price prompted the whale to liquidate their holdings to mitigate further losses.