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Third-largest whale celebrates Bitcoin’s birthday with 456 BTC buy

After adding 456 BTC, the third-largest whale now holds 120,845.57 BTC, worth over $5.6 billion.

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Third-largest whale celebrates Bitcoin’s birthday with 456 BTC buy

It’s now been 13 years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be back after the new year holidays, and they have just completed the first sizable purchase of 2022.

On Tuesday, the third-largest Bitcoin address added 456 BTC at an average price of $46,363, equivalent to around $21 million, according to data from BitInfoCharts.

456 #BTC (21,161,750 USD) transferred from #Coinbase to unknown wallethttps://t.co/1rWMaIYR0y

— Whale Alert (@whale_alert) January 3, 2022

At the time of this writing, the whale holds 120,845.57 BTC worth over $5.6 billion. The holder’s identity remains a mystery, but it appears that the entity is making full use of the current price volatility. Bitcoin’s has dropped 1.7% in the last 24 hours and 8.9% over the last week, currently trading at around $46,603.

Related: Happy Birthday, Bitcoin! Industry players share a few words

Meanwhile, the bearish factors weighing on the cryptocurrency market at the end of 2021 have persisted throughout the first week of 2022 after Bitcoin’s price fell below $47,000 on Saturday while continuing to face strong headwinds on shorter timeframes charts.

Despite the short-term difficulties for Bitcoin, many investors remain enthusiastic. Analyst and pseudonymous Twitter user GalaxyBTC recently shared this chart showing a potential breakout in the first quarter of 2022.

14-month BTC/USDT price chart. Source: Twitter