Galaxy announced it facilitated a sale of over 80,000 Bitcoin, valued at over $9.3 billion, on behalf of a Satoshi-era investor. This transaction, one of the largest in cryptocurrency history, marks a significant exit from the market for this early investor who had held the coins for 14 years. Blockchain analysts confirm that these movements are linked to the same investor who utilized Galaxy's services. Notably, it has been suggested that these coins originated from MyBitcoin.com, which ceased operations in 2011 due to hacking. Despite the large sale, Bitcoin's price fluctuated minimally, dipping just 1% over the day to around $117,274, and is nearly 5% below its all-time high of $122,838. The narrative of large-scale whales exiting the market often raises concerns about potential selling pressure but has not substantially impacted Bitcoin's price in this instance. This reflects a nuanced market response to significant liquidity events.

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