Institutional crypto firm Galaxy revealed that it facilitated the sale of over 80,000 Bitcoin, valued at more than $9.3 billion, for a Satoshi-era investor. This sale marks one of the largest transactions in cryptocurrency history and is noted as a significant exit from the digital asset market. Analysts were baffled when a whale moved these coins after holding them for 14 years. Blockchain data supports that these movements originated from the same investor, who likely sold the coins to Galaxy. It's speculated that the coins came from an early Bitcoin wallet service, MyBitcoin.com, which was compromised in a hack in 2011. Bitcoin whales, defined as entities holding at least 1,000 BTC, play a critical role in market dynamics due to their potential selling pressure, which can influence prices. Despite this significant sale, Bitcoin's price experienced only a slight dip of 1%, remaining steady in the days following the transaction.

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