Galaxy, an institutional crypto firm, has announced a landmark transaction involving the sale of over 80,000 Bitcoin, valued at approximately $9.3 billion. This sale, representing one of the largest Bitcoin transactions recorded, was executed on behalf of a mysterious Satoshi-era investor who moved the coins after holding them for 14 years. Analysts speculate that the coins originated from an early wallet service, MyBitcoin.com, which ceased operations after a hack in 2011. Despite this substantial sale, the Bitcoin market showed resilience, with the price dipping only about 1% in response. Bitcoin whales, defined as entities holding 1,000 BTC or more, have recently expressed increased demand for Bitcoin, highlighting a trend where major holders seek to accumulate even more of the cryptocurrency amid evolving market conditions. The recent transaction vividly illustrates the significant movements that can occur when large holders decide to enter or exit the market, with implications for pricing and market dynamics.

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