Institutional crypto firm Galaxy announced the sale of over 80,000 Bitcoin, valued at approximately $9.3 billion, on behalf of a Satoshi-era investor, marking one of the largest transactions recorded in the cryptocurrency space. This event marks a significant exit from the digital asset market after the coins were held for 14 years. Analysts expressed surprise as the whale, who recently moved the coins, had been inactive for a long period. Insights from blockchain analysts indicate these movements originated from an early Bitcoin wallet service, hinting that Galaxy may have acquired the coins directly from the original owner. The impacts of such sizable sales often result in increased selling pressure in the market. Despite this massive transaction, Bitcoin's price has only dipped slightly by 1%, maintaining stability with little change in its value over recent days, hovering around $117,274, just below its all-time high. Experts note that interest from Bitcoin whales remains strong, suggesting ongoing demand for the cryptocurrency among the largest holders.

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