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Whale $4.4 million FTT Losses Exposed Bear Market Dilemma Intensifies

Source: CoinWorld
Between August and November 2024, a whale transferred 4.516 million FTT tokens to Binance, losing $4.416 million. The initial value of these tokens is $3.53 million, with a total transaction cost of $7.95 million. The trade occurred when FTT was in a bearish trend when it traded close to the key support level of $0.79, with the RSI indicator at 39.87, and the MACD indicator showed negative momentum, indicating continued downward pressure.
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