Institutional crypto firm Galaxy announced the sale of over 80,000 Bitcoin, valued at more than $9.3 billion, for a Satoshi-era investor. This sale is noted as one of the largest transactions in crypto history and marks a significant exit from the market for an early Bitcoin holder. The coins, which had been held for 14 years, recently moved for the first time, baffling analysts. Galaxy's statement indicated they facilitated the transaction but did not provide further comments. CryptoQuant's CEO suggested that the Bitcoin originated from MyBitcoin.com, an early wallet service that closed after a hack. Bitcoin whales, investors holding significant amounts of the cryptocurrency, often affect market dynamics when they sell, which creates selling pressure as other investors react. Despite this monumental sale, the price of Bitcoin has remained relatively stable, with only a slight dip noted around the time of the transaction.

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