Institutional crypto firm Galaxy reported it conducted a monumental transaction, selling over 80,000 Bitcoin, valued at more than $9.3 billion, on behalf of a Satoshi-era investor. This sale is among the largest in cryptocurrency history and marks a significant exit from the market for the unidentified whale, who had held the coins for 14 years. The transaction raised eyebrows among crypto analysts, especially as it followed recent large movement trends from the same wallet. Blockchain expert Ki Young Ju indicated the Bitcoin originated from an early wallet service, MyBitcoin.com, which ceased operations due to a hack in 2011. Despite this massive sale, Bitcoin's price remained relatively stable, dipping only 1% in value. Meanwhile, research from CryptoQuant reveals a growing interest among other Bitcoin whales, indicating robust demand for Bitcoin among the largest holders, who prefer to accumulate rather than sell. As market dynamics change, experts note that large transactions can influence perceptions of selling pressure in the market, although the immediate panic effect appears subdued.

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