Galaxy, an institutional crypto firm, announced it sold over 80,000 Bitcoin, worth approximately $9.3 billion, on behalf of a long-term investor, known as a Satoshi-era whale. This transaction, described as one of the largest in crypto history, marks a significant exit from the digital asset market after the investor held the coins for 14 years. The whale's movements puzzled analysts as the coins traced back to an early Bitcoin wallet service, MyBitcoin.com, which ceased operations in 2011 after a hack. Blockchain experts noted that such large sales can create selling pressure, as other investors may react to the whale's activity. Despite this monumental sale, Bitcoin's price only dipped minimally, remaining near $117,000, just below its all-time high. This event underscores the ongoing dynamics in crypto markets, particularly the activities of the largest holders, referred to as whales, who play a critical role in market fluctuations.

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