Institutional crypto firm Galaxy announced the sale of over 80,000 Bitcoin, valued at approximately $9.3 billion, on behalf of a Satoshi-era investor. This represents one of the largest Bitcoin transactions in history and marks a significant exit from the digital asset market. The mysterious whale, who had held the Bitcoin for 14 years, began moving the coins recently, which surprised analysts. Blockchain analyst JA_Maartun confirmed through blockchain data that the movement was linked to the same whale that utilized Galaxy for the sale. The coins are believed to have originated from MyBitcoin.com, an early wallet service that closed after a hack in 2011. Despite this significant sale, Bitcoin's price fell only 1% in the day following the news and remains stable over the week. As of the report, Bitcoin was trading around $117,274, close to its all-time high. Such activities can often result in selling pressure as the market anticipates further liquidation from large holders.

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