Institutional crypto firm Galaxy announced the sale of over 80,000 Bitcoin, valued at more than $9 billion, on behalf of a Satoshi-era investor. This transaction is noted to be one of the largest in the crypto history and marks a significant exit from the digital asset market by a long-time holder who moved the coins after 14 years. Blockchain analysis confirms that these Bitcoins originated from an early wallet service, MyBitcoin.com, which ceased operations following a hack in 2011. While the sale induced speculation of further selling pressure in the market, Bitcoin's price remained stable, dipping only 1% post-sale. Reports indicate that demand from Bitcoin whales has surged recently, showing that the largest holders of Bitcoin share an increasing appetite for acquiring more of the cryptocurrency. This event points to the complex dynamics within the cryptocurrency market, especially related to substantial entities like Bitcoin whales that can influence market behavior significantly when they decide to sell or buy.

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