Long Silent Bitcoin Whale Awakens as the Price Heads Towards $70K

Crypto News – The price of Bitcoin is still rising; just hours ago, it nearly reached $70,000 and is still above $69,000.

Long Silent Bitcoin Whale Awakens as the Price Heads Towards $70K

On-chain data indicates that this price volatility coincides with an increase in activity from major Bitcoin investors. Numerous on-chain data sources, like Lookonchain and Whale Alert, were able to see the first whale motion. According to the materials, one Bitcoin investor who amassed a noteworthy collection of almost 4,300 BTC at a price of less than $30 on average a decade ago decided to sell a tiny amount of it.

A Trader Drawn to Attention by Lookonchain Are Going on a Buying Frenzy

It’s interesting to note that this was the unnamed whale’s first Bitcoin transfer in a little over a decade, at least for this wallet. At yesterday’s pricing, they traded 246 BTC, or over $17 million. This whale’s return on investment (ROI) since 2013 is an astounding 230,000%, considering their average purchase price in 2013 was $29.39.

Lookonchain also described the transaction made by another whale. Only a few hours ago, this one went for about 114 BTC, or $7.85 million. Since March 6, this investor has bought 1,308 BTC, indicating that they have been on a buying binge.