Institutional crypto firm Galaxy reported that it conducted a Bitcoin sale for over 80,000 BTC, valued at more than $9.3 billion. This transaction is considered one of the largest in cryptocurrency history, executed on behalf of a long-term investor who had held the coins for 14 years. The individual, identified as a Bitcoin whale, is believed to have moved these coins from an early Bitcoin wallet service, MyBitcoin.com, which was compromised in 2011. Blockchain experts confirmed the movement of these coins through transaction data, linking them to Galaxy's addresses. Despite the massive sale, Bitcoin's price only dipped by 1%, maintaining stability in the market just under its all-time high of $122,838. This event raises concerns about potential selling pressure as large holders often influence market movements.

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