Institutional crypto firm Galaxy reported the sale of over 80,000 Bitcoin, valued at more than $9.3 billion, for a Satoshi-era investor. This transaction is noted as one of the largest in the crypto history. The Bitcoin whale, previously dormant for 14 years, started moving their assets this month, prompting intrigue among analysts. Blockchain analyst JA_Maartun confirmed the movements linked to Galaxy's transaction, while CryptoQuant's CEO suggested the coins originated from MyBitcoin.com, a service that shut down following a hack in 2011. Despite the massive sale, Bitcoin's price dipped only slightly and remains steady amid broader market fluctuations, trading near $117,000, about 5% lower than its all-time high. The market conditions appear stable despite this significant sell-off, highlighting the resilience of Bitcoin's price performance.

Source šŸ”—