04 Jan Buying the Dip: Third-Largest Bitcoin Whale Adds $21M Worth of BTC at $46.3K
It appears that the third-largest bitcoin whale is back after the new year holidays and has just made the very first considerable buy of 2022.
Data from Bitinfocharts reveals that the third-largest bitcoin address has added 456 BTC at an average price of $46,363 on January 4th.
The buy is worth roughly around $21 million.
This is the first considerable buy on behalf of this entity who also bought 6 BTC 55 minutes going into the new year.
At the time of this writing, the whale holds 120,845.57 BTC worth over $5.6 billion.
It seems the entity is taking full advantage of the current choppy price action. Bitcoin is down 1.7% in the past 24 hours and 8.9% in the past week as is it currently trades at around $46K.
This has also caused the BTC dominance – an index tracking its share relative to that of the entire market – to plunge below 40%.
Chart by TradingView
Post is imported from RSS feed, by one of our guest editors. G6 does not edit or moderate the content. G6 is not responsible for your actions. No rights owned by G6. To remove the post, please email us at [email protected]