The third largest whale celebrates Bitcoin’s birthday with a price of 456 BTC

It has been 13 years since the Bitcoin genesis block (Bitcoin) The blockchain was created, marking the beginning of the chain. To commemorate this moment, the third-largest Bitcoin whale seems to have returned after the New Year holiday, and he or she has just completed the first large-scale purchase in 2022.

On January 4, the third largest Bitcoin address added 456 BTC, with an average price of US$46,363, which is equivalent to approximately US$21 million. According to data From Bitinfocharts. com.

At the time of writing, the whale holds 120,845.57 BTC, valued at more than $5.6 billion. The identity of the holder remains a mystery, but the entity appears to be taking full advantage of current price fluctuations. Bitcoin has fallen by 1.7% in the past 24 hours and by 8.9% last week, and is currently trading at approximately $46,603.

related: Happy birthday, Bitcoin!Insiders share a few words

At the same time, the bearish factors that suppressed the cryptocurrency market at the end of 2021 persisted in the first week of 2022. Bitcoin price fell below $47,000 On January 1, it continued to face strong resistance on the shorter time frame chart.

Despite the short-term difficulties faced by Bitcoin, many investors are still enthusiastic.Analyst and pseudonymous Twitter user GalaxyBTC recently shared This chart shows a potential breakthrough in the first quarter of 2021.

14-month Bitcoin/tether price chart.Source: Twitter