The third-largest Whale now holds 120,845.57 BTC, worth over $5.6 billion after including 456 BTC. It’s been 13 years since the genesis block of the Bitcoin blockchain was created. The third-largest Bitcoin (BTC) whale appears to be back after the new year holidays to memorialize the occasion. Further, they have just completed the first sizable purchase of 2022.
On Tuesday, the third-largest Bitcoin address added 456 BTC at an average price of $46,363. This figure is equivalent to around 21$ million according to the data from the BitInfoCharts.
Moreover, At the time of this writing, the whale holds 120,845.57 BTC worth over $5.6 billion. However, the entity is making complete use of the preset price volatility. Besides, Bitcoin has dropped 1.7% in the last 24 hours and 8.9% over the last week, currently trading at around $46,603 at the time of writing.
At the same time, the bearish factors weighing on the cryptocurrency market at the end of 2021 have lasted throughout the first week of 2022. Also, they have lasted after Bitcoin’s price fell below $47,000 on Saturday while continuing to face strong headwinds.
Further, despite the short-term difficulties for Bitcoin, many investors remain enthusiastic after seeing Whale Success.
Also, Analyst and pseudonymous Twitter user GalaxyBTC recently shared the chart below showing a potential breakout in the first half-year of 2022.
Apart from the third-largest BTC whale, other whales have also been active in the market. On January 01, an unknown whale moved 9,411 BTC worth $432 million. At the time, it was still trading around $47k.
With major transactions already happening so early in the year, we can expect to see more significant whale moves this year compared to 2021 when whales moved more than $4 billion worth of BTC within 24 hours.
