Third-largest whale celebrates Bitcoin’s birthday with 456 BTC buy

It’s
now
been
13
years
since
the
genesis
block
of
the
Bitcoin blockchain
was
created.
To
commemorate
the
occasion,
the
third-largest
Bitcoin
(BTC) whale
appears
to
be
back
after
the
new
year
holidays,
and
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,
equivalent
to
around
$21
million,
according
to

data

from
BitInfoCharts.

At
the
time
of
this
writing,
the
whale
holds
120,845.57
BTC
worth
over
$5.6
billion.
The
holder’s
identity
remains
a
mystery,
but
it
appears
that
the
entity
is
making
full
use
of
the
current
price
volatility.
Bitcoin’s
has
dropped
1.7%
in
the
last
24
hours
and
8.9%
over
the
last
week,
currently
trading
at
around
$46,603.



Related: 
Happy
Birthday,
Bitcoin!
Industry
players
share
a
few
words

Meanwhile,
the
bearish
factors
weighing
on
the
cryptocurrency
market
at
the
end
of
2021
have
persisted
throughout
the
first
week
of
2022
after

Bitcoin’s
price
fell
below
$47,000

on
Saturday
while
continuing
to
face
strong
headwinds
on
shorter
timeframes
charts.

Despite
the
short-term
difficulties
for
Bitcoin,
many
investors
remain
enthusiastic.
Analyst
and
pseudonymous
Twitter
user
GalaxyBTC
recently

shared

this
chart
showing
a
potential
breakout
in
the
first
quarter
of
2022.


14-month
BTC/USDT
price
chart.
Source:
Twitter

read original article here