The third-largest bitcoin whale looks to have returned from the holidays and has just made the first significant purchase of 2022.
According to Bitinfocharts, on January 4th, the third-largest bitcoin address added 456 BTC at an average price of $46,363.
The purchase is estimated to be valued around $21 million.
This is the entity’s first significant purchase, as it also purchased 6 BTC 55 minutes into the new year.
The whale currently possesses 120,845.57 BTC worth approximately $5.6 billion at the time of writing.
The entity appears to be making the most of the current tumultuous pricing activity.
Bitcoin is currently trading for roughly $46K, down 1.7 percent in the last 24 hours. Then, 8.9 percent in the last week.
This has also pushed BTC’s dominance. Which is a metric that measures how much of the market it owns. Then, compares it to the rest of the market – below 40%.
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