Institutional crypto firm Galaxy recently executed a monumental $9 billion Bitcoin sale for a Satoshi-era investor, marking one of the largest transactions in crypto history. This significant sale involved over 80,000 BTC, which had been held for 14 years by a mysterious whale who moved the coins earlier this month, arousing curiosity among analysts. Reports indicate that the coins originated from an early Bitcoin wallet service, MyBitcoin.com, which ceased operations after a 2011 hack. Experts suggest that Galaxy acquired these coins from the original owner. Despite the massive sale, Bitcoin's price only dipped slightly by 1%, trading around $117,274. Analysts warn that the actions of large holders can lead to increased selling pressure as the market reacts to their movements. The article also notes a growing demand for Bitcoin among whales, indicating that these large investors are eager to accumulate more assets amid fluctuating market conditions.

Source šŸ”—