Institutional crypto firm Galaxy has sold over 80,000 Bitcoin, worth approximately $9.3 billion, on behalf of a long-term holder known as a Satoshi-era whale. This transaction, one of the largest in cryptocurrency history, marked a significant exit from the digital asset market after the coins had been held for 14 years. The mysterious whale made notable movements at the start of the month, prompting analyses and speculation from crypto experts. According to blockchain data, the coins had been originally sourced from an early wallet service, MyBitcoin.com, which ceased operations following a hack in 2011. Galaxy's involvement in the sale emphasizes the continued significance and influence of major Bitcoin holders, who are defined as entities holding at least 1,000 BTC. Despite the sale, Bitcoin's price has only seen a slight dip of 1% recently, indicating strong market resilience amid high-profile sales.

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