Bitcoin price continues to recover as the asset rose above $69,000 and almost challenged $70,000 just a few hours ago.

This price fluctuation comes amid increased activity from major BTC investors, according to on-chain data.

📈 BTCUSD. Source: TradingView

The first move of the "shark" was recorded by many on-chain data providers such as Lookonchain and Whale Alert. Sources say a Bitcoin investor who amassed a significant sum of nearly 4,300 BTC a decade ago at an average price of less than $30 has decided to transfer a small portion.

Interestingly, this is the first Bitcoin transfer (at least for this wallet) by the anonymous "shark" in over ten years. They transferred 246 BTC, worth almost $17 million at yesterday's prices.

With their average purchase price being $29.39 in 2013, this "shark's" ROI from that time was a staggering 230,000%.

Lookonchain also highlights purchases from other "sharks". This person just bought nearly 114 BTC ($7.85 million) just a few hours ago. This investor has been on a shopping spree for the past month, having purchased 1,308 BTC since March 6.

Their most recent purchase came amid a slight increase in BTC prices on Sunday. As reported yesterday, the asset has stabilized at around $67,000 but continues to gradually increase throughout the day. The biggest gains came early today as Bitcoin rose to a 5-day high of $69,800.

However, the cryptocurrency has not been able to surpass the desired $70,000 level, at least for now, but still stands north of $69,000. 🚀