Galaxy, an institutional crypto firm, reported a monumental transaction involving the sale of over 80,000 Bitcoin for more than $9 billion, marking it as one of the largest Bitcoin trades in history. This massive sale was conducted on behalf of a Satoshi-era whale, who had held these coins for 14 years. The sale was so significant that blockchain analysts noted the movements were linked to the same investor. The Bitcoin came from an early wallet service, MyBitcoin.com, which ceased operations after a hack in 2011. Despite this enormous cash-out, the price of Bitcoin dipped by merely 1% in a single day, trading around $117,274, and remains close to its all-time high. Experts characterize Bitcoin whales as crucial players in the market, often comprising early investors or companies involved in mining. Their activity can influence market dynamics, particularly as many remain inactive for extended periods.

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