Third-Largest Bitcoin Whale Adds $21M Worth of BTC at $46.3K

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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%.
img1_btc
Chart by TradingView
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