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2 years ago

Buying the Dip: Third-Largest Bitcoin Whale Adds $21M Worth of BTC at $46.3K

George Georgiev Jan 4, 2022 06:32
The third-largest Bitcoin whale address added 456 BTC at an average price of $46,363.

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
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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

Tags: Bitcoin (BTC) Price

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