Galaxy, an institutional crypto firm, announced it facilitated a $9 billion Bitcoin sale for a long-term Satoshi-era holder who had retained over 80,000 BTC for 14 years. This transaction is notably one of the largest in the history of cryptocurrency, marking a significant exit from the market for an early investor. Analysts noted the coins moved from a wallet linked to MyBitcoin.com, which had shut down after a breach in 2011. Blockchain experts confirmed that the same coins sold through Galaxy were originally from this old address, indicating a substantial liquidity event. Despite the massive sell-off, Bitcoin's market price dipped only slightly, maintaining relative stability around $117,274, which remains close to its all-time high. The article highlights the emerging pattern of ‘whale’ activity in the Bitcoin market, where large holders influence price dynamics upon trying to liquidate their holdings.

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