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TechFlow news, according to Lookonchain monitoring, a fake message from Cointelegraph about the SEC approving iShares spot Bitcoin ETF caused many users to FOMO and suffer losses.
One whale spent 613,201 USDC to purchase 20.5 WBTC and quickly sold it for 563,970 USDC after the false news was confirmed. The whale lost $49,000 within just 10 minutes.
A fake news report from Cointelegraph about the SEC approving iShares' spot Bitcoin ETF caused many users to FOMO and suffer losses. One whale spent 613,201 USDC to purchase 20.5 WBTC and quickly sold them for 563,970 USDC after the false news was confirmed. The whale lost 49,000 USD within just 10 minutes.
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