Bitcoin's price recovery continues, with the asset rising above $69,000 and almost challenging $70,000 a few hours ago.
According to on-chain data, this price movement is occurring amid increased activity from large BTC investors.
The first whale movement was observed by several on-chain data providers such as Lookonchain and Lookonchain. whale alert. The source said that a Bitcoin investor who had amassed a large amount of assets, around 4,300 BTC at an average price of less than $30 a decade ago, decided to transfer some of it.
Interestingly, this was the anonymous whale's first Bitcoin transfer (at least for this wallet) in over a decade. They moved 246 BTC, worth nearly $17 million at yesterday's prices.
Considering the average purchase price in 2013 was $29.39, this whale's ROI since then is an impressive percentage of 230,000%.
Look'n chain too outlined Another whale purchase. It was issued just a few hours ago and had a price of around 114 BTC ($7.85 million). The investor has been on a buying spree over the past month, purchasing 1,308 BTC since March 6th.
Their recent purchases came amid an early Sunday price rally for BTC. As reported yesterday, the asset had settled at around $67,000, but continued to increase gradually during the day. The most significant increase came earlier today when Bitcoin rose to a five-day high of $69,800.
Despite this, the cryptocurrency, at least for now, has not been able to surpass the coveted $70,000 level, although it is still hovering above $69,000.
