A Bitcoin whale has entered a massive selling spree, offloading 411 Bitcoin for about $15.2 million. According to data from Lookonchain, the whale first converted the Bitcoin to Wrapped Bitcoin (WBTC) before selling it at an average price of $37,023.

The whale still has 155 WBTC, worth about $5.74 million.

A whale is selling $BTC.

This whale bridged $BTC to #Ethereum to sell and has sold a total of 411 $WBTC for 15.2M $USDC at $37,023.

There are currently 155 $WBTC($5.74M) left in the wallet.https://t.co/hRN6nmZAVd pic.twitter.com/5C70u73gzJ

— Lookonchain (@lookonchain) November 13, 2023

BTC’s bullish momentum has spread optimism to the crypto community, and the current ETF narrative has pushed the price above $37k. Interestingly, the amount of inflows into exchanges from large whale addresses has declined compared to previous years, indicating a more resilient sentiment among large holders.

Likewise, another whale withdrew 716 BTC, $26.5M from Binance on Nov. 13, according t