According to data from cryptocurrency analytics firm Lookonchain, a Bitcoin whale recently liquidated a whopping $18.25 million worth of Bitcoins at a loss.

The whale initially bought $54.6 million worth of Bitcoin last month at a price of $63,878. They liquidated a large portion of Bitcoins (BTC) during the market crash on August 5.

As U.Today reported, the price of the leading cryptocurrency on the Bitstamp exchange plummeted to as low as $49,557 following the collapse of global stock markets. For example, Japan’s Nikkei fell by as much as 10%. The whale ended up selling $15.8 million at a loss that day, but the market recovered within a relatively short period of time.

On August 8, the Bitcoin price reached the $60,000 mark again, rising by almost 14 percent in a single day.

Tom Lee of Fundstrat recently said that the strong and rapid recovery speaks for the resilience of the markets.

Although the whale made a highly unfavorable trade earlier this month, it seemed that he had not learned his bitter lesson as he sold another 300 BTC at a loss.

Notably, while the whale made a profit of $528,000 in March, he sold his BTC less than two weeks before Bitcoin hit its current all-time high above the $73,000 mark, missing out on bigger gains.