Institutional crypto firm Galaxy reported a monumental sale of over 80,000 Bitcoin, valued at over $9 billion, executed on behalf of a long-term Satoshi-era investor. This transaction marks one of the largest Bitcoin sales in history and signifies a major exit from the digital asset market after the investor held the coins for 14 years. The sale drew attention as a mysterious Bitcoin whale moved significant amounts recently, which analysts attributed to the same individual that utilized Galaxy for the transaction. This whale's coins seemingly came from an early wallet service called MyBitcoin.com, which closed following a hack in 2011. Notably, despite this large sale, Bitcoin's price only dipped by around 1%, indicating minimal market reaction. Experts classify Bitcoin whales as entities holding significant amounts of Bitcoin (1,000 BTC or more), often impacting market dynamics when they decide to sell. In a definitive insight into the strength of Bitcoin's market, recent reports show heightened demand from whales, suggesting they still aim to acquire more of the cryptocurrency.

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