On the last Christmas holiday, the crypto market was not so easy to trade and market players started to take advantage and enjoy it. This has pushed the BTC price down to over $45,000. After a week most market players start to finish their rest days.
Based on recent observations, the third largest group/individual of bitcoin's whales has returned and today it has made its first major purchase 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 4.
The purchase was worth approximately $21 million. This is the first major purchase for this entity who also bought 6 BTC 55 minutes before the new year.
At the time of writing, this whales entity has accumulated as much as 120,845.57 BTC worth over $5.6 billion. In other words, he took full advantage of the volatility of the price fluctuations. Currently the price of Bitcoin is trading a bit firm with a price spike of 0.47% at a price level of $47,123.77.
