One of the Biggest Bitcoin Whales in History Just Cashed Out $9 Billion
Institutional crypto firm Galaxy announced the sale of over 80,000 Bitcoin, valued at more than $9.3 billion, for a Satoshi-era investor. Described as one of the largest Bitcoin transactions in history, this sale marks a significant exit from the digital asset market. An unidentified Bitcoin whale, who had held these coins for 14 years, moved the BTC at the beginning of the month, surprising analysts. Blockchain analysis confirmed the transactions were associated with this investor. Following the sale, Bitcoin's price saw only a slight dip of about 1%, staying relatively stable at approximately $117,274, which is nearly 5% below its all-time high. Experts note that Bitcoin whales, entities holding significant amounts of Bitcoin (1,000 BTC or more), have seen a rise in demand for Bitcoin, indicating robust interest among the largest holders. Despite the large sale, market sentiment remains steady amid ongoing trading activity.
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