It should be noted that some investors become rich purely out of patience. The day before, such a story happened to the owner of this address, who moved 489 bitcoins in the equivalent of $20.17 million.

The great thing about this story turned out to be that the coins were originally obtained in late October 2010, when Bitcoin was worth virtually nothing. As the experts point out, the entire amount was the equivalent of $50 at first. Consequently, the initial investment amount increased 403,400 times.

Here is the movement of the cryptocurrency the day before.

Moving 489 bitcoins from the old address

And here is its receipt in 2010.

Receiving 489 bitcoins at the old address

And although you can’t buy BTC for tens of dollars for sure, some investors find current price levels below $40K attractive as well. At the very least, this can be judged from the activity of so-called whales on the net.

Daily chart of Bitcoin exchange rate

When to buy bitcoins

According to Whale Alert, a platform that tracks large transactions in digital assets, coin withdrawals were made tonight. We are talking about three transactions of 9843, 9901 and 9867 bitcoins respectively. Here is the notification of one of those withdrawals.

The total amount of cryptocurrency sent was the equivalent of $1.15 billion. As Cointelegraph suggests, it could well be about buying bitcoins at a relatively low price and then withdrawing them.


We checked the data: at 2am today, Bitcoin was trading at $39.3k. The cryptocurrency then managed to sag lower before jumping to a local high of $40,236.

A 15-minute chart of Bitcoin’s exchange rate

The moment of withdrawal is visible in the chart of the cryptocurrency exchange Coinbase Pro reserves.

BTC reserves on the Coinbase Pro cryptocurrency exchange

As noted by experts, such findings are in line with the general trend among cryptocurrency investors. In general, the volume of BTC on exchanges is getting smaller, and now the figure is reaching its lowest level since autumn 2018.

BTC reserves on all cryptocurrency exchanges


It is logical to assume that coin owners are withdrawing crypto for long-term storage. This is usually done using the hardware wallets we are already familiar with.

However, it’s not all so straightforward. According to Glassnode’s analysts, the market is in a state of uncertainty – which makes sense given what’s happening around the world. Therefore, the general trend of active bitcoin accumulation does not yet smell.

Stage of development of cryptocurrency market

This position is indirectly supported by data from Google Trends. According to the platform, Bitcoin is now more than four times less popular than its peak worldwide. Consequently, the first cryptocurrency is still far from the global phase of interest from conventional retail investors. That said, holders of large capitals can afford to ignore trends and follow their own plan without significantly damaging their own financial situation.

Here is a five-year chart of the corresponding figure. The record still belongs to December 17, 2017, when BTC reached the $20,000 level, which was the price high for the previous phase of market growth.

Popularity of enquiry about Bitcoin over five years

Accordingly, for now, investors have been cautious and reluctant to get involved with Bitcoin and other coins amid global uncertainty. This is particularly evident in the niche components of the cryptocurrency world, which include NFT tokens. The popularity of this query is now three times behind the peak.

Popularity of a query about NFT tokens


We believe that such Bitcoin transactions require a serious belief in the future of the first cryptocurrency and its ability to increase in value over time. BTC has previously renewed its value records more than once after hitting another bottom, so this bet may seem like the right one. However, it is impossible to predict anything in this global environment - as well as for the coin industry as a whole.