#MicronHitsRecordHigh On-chain, an address bc1qhx bought 2500 BTC around $80k a month ago, totaling $202 million. Now they've just moved the remaining 2480 BTC to Binance, and at current prices, they’re facing a loss of over $39 million. With a position size of $160 million, they endured a 10% drop; it’s either a stop-loss situation or they just couldn't hold on. At this level of exposure, fluctuations of tens of millions are just part of the game. It’s clear that while their cash capacity is strong, picking the wrong direction still gets you schooled by the market.