Galaxy, an institutional crypto firm, disclosed it executed a significant sale of over 80,000 Bitcoin valued at more than $9.3 billion for a Satoshi-era investor. This transaction marks one of the largest in crypto history and represents a notable exit from the market after the investor held the coins for 14 years. Analysis indicates that these coins had previously moved to Galaxy's addresses from a wallet linked to MyBitcoin.com, which ceased operations due to a hack in 2011. Blockchain analysts highlight that the sale occurred during a period where Bitcoin price fluctuations were minimal, suggesting strong underlying demand from existing holders. Whales, typically defined as entities holding 1,000 BTC or more, contribute to market dynamics and pressure, as their selling actions can influence prices. Despite this major sale, Bitcoin's price remained relatively stable, trading around $117,274, which is nearly 5% below its record high of $122,838.

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