It's now been thirteen years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be dorsum after the new yr 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 effectually $21 million, according to data from BitInfoCharts.

At the time of this writing, the whale holds 120,845.57 BTC worth over $5.half dozen billion. The holder's identity remains a mystery, but information technology appears that the entity is making total use of the current price volatility. Bitcoin's has dropped one.7% in the last 24 hours and viii.nine% over the last week, currently trading at effectually $46,603.

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Meanwhile, the bearish factors weighing on the cryptocurrency market at the end of 2022 take persisted throughout the outset calendar week of 2022 after Bitcoin's price fell below $47,000 on Saturday while standing to confront strong headwinds on shorter timeframes charts.

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

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