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 one of the largest recorded in cryptocurrency history and marks a significant exit from the digital asset market after the coins were held for 14 years. Analysts noted that blockchain data linked the whale's activity to Galaxy, affirming that the movement of these Bitcoin was initially from an early wallet service, MyBitcoin.com, which ceased operations following a hack in 2011. Despite the substantial sale, Bitcoin's price dipped only slightly, indicating market resilience. As Bitcoin whales, which are entities holding large amounts of BTC, show increasing demand for Bitcoin, the movements of such whales can typically signal selling pressure in the market. The article highlights the evolving landscape of Bitcoin ownership and investment dynamics.

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