On July 25, 2025, institutional crypto firm Galaxy announced it had facilitated the sale of over 80,000 Bitcoin, worth more than $9.3 billion, on behalf of a Satoshi-era investor. This transaction is notably one of the largest ever recorded in the cryptocurrency market. The mysterious whale awoke earlier in the month, moving the Bitcoin after a 14-year period of inactivity, which has puzzled analysts. Blockchain data indicates that the same wallet involved in the movement was utilized for the sale by Galaxy. It is speculated that these funds came from an early Bitcoin wallet service, MyBitcoin.com, which shut down in 2011 after experiencing a hack. Despite this massive transaction, Bitcoin only dipped by 1% in the immediate aftermath and remained relatively stable over the week, trading around $117,274. This event highlights the significant impact that whale movements can have on market sentiment and price dynamics, a common concern as large holders may subsequently start cashing in their assets.

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