Institutional crypto firm Galaxy announced it completed a record Bitcoin sale of over 80,000 BTC, worth more than $9 billion. This transaction is one of the largest in crypto history and involved a Satoshi-era investor who had held the coins for 14 years. Following the sale, market reactions were limited, with Bitcoin dipping by only 1% despite the massive exit. Analysis showed the coins moved from an early Bitcoin wallet provider, MyBitcoin.com, which had closed post-hack in 2011. The significance of this sale signals potential shifts in market dynamics as large holders, or whales, re-engage with their investments. Additionally, blockchain analyst insights suggest the selling pressure could indicate further movements from other large stakeholders in the future, aligning with growing interest and demand from Bitcoin whales overall, despite current market stability.

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