Institutional crypto firm Galaxy has reported selling over 80,000 Bitcoin for more than $9.3 billion on behalf of a significant investor from the Satoshi era. This transaction marks one of the largest Bitcoin sales in history and is considered a notable exit from the digital asset market. The coins had remained dormant in the investor's wallet for 14 years. Blockchain analyst JA_Maartun confirmed that the transactions were linked to the same seller, whose coins were recently moved to Galaxy's addresses. Furthermore, CryptoQuant's CEO Ki Young Ju suggested that these coins originated from MyBitcoin.com, a wallet service that ceased operations in 2011 after being hacked. Despite the large sale, Bitcoin's price only dipped slightly, indicating a robust market response. The current trading price for Bitcoin is approximately $117,274, maintaining its position near previous all-time highs. After nearly a decade and a half of dormancy from this significant whale, market analysts are closely watching future price movements as significant sales can often influence market trends.

Source 🔗