Institutional crypto firm Galaxy reported conducting a historic Bitcoin sale, liquidating over 80,000 Bitcoin, valued at more than $9.3 billion, for a long-term investor from the Satoshi era. This transaction ranks as one of the largest notional Bitcoin trades in crypto history. The seller, who had held the cryptocurrency for 14 years, surprised analysts by moving these coins earlier this month. A blockchain analyst verified that the coins sold by Galaxy matched those moved from a specific wallet involved with an early Bitcoin service, MyBitcoin.com, which ceased operations after a hacking incident in 2011. While Bitcoin whales—entities holding significant amounts of Bitcoin—often stir selling pressure in the market, Bitcoin’s price dropped only slightly by about 1% despite this massive sale. Currently, Bitcoin is trading around $117,000, nearly 5% beneath its all-time high. Notably, the demand from Bitcoin whales appears to be growing, as recent data indicates that these holders are increasingly seeking to acquire more Bitcoin as the market evolves.

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