Institutional crypto firm Galaxy announced it conducted a massive sale of over 80,000 Bitcoin, valued at more than $9.3 billion, on behalf of a Satoshi-era investor. This event marks one of the largest Bitcoin transactions recorded in history and is considered an early and significant exit from the cryptocurrency market. Noted blockchain analyst JA_Maartun confirmed that the Bitcoin movements belong to the same investor who used Galaxy for the sale, with blockchain evidence indicating the coins originated from an early wallet service that closed following a hack in 2011. While Bitcoin whales, defined as holders of 1,000 BTC or more, can exert significant influence on the market, the Bitcoin price remained stable despite this substantial sale. The latest data shows Bitcoin trading around $117,274, just below its all-time high of $122,838, indicating that whales are increasingly interested in accumulating more Bitcoin, contradicting expectations of market pressure following such large sell-offs.

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