Institutional crypto firm Galaxy conducted a monumental sale of over 80,000 Bitcoin (worth more than $9.3 billion) on behalf of a long-time investor from the Satoshi era. This transaction is deemed one of the largest in Bitcoin history and marks a significant exit from the digital asset market. The investor, who had not moved their coins for 14 years, caused significant intrigue following the transfer of these Bitcoins at the start of the month. Blockchain analyst insights revealed that these movements are indeed linked to the same investor using Galaxy for the sale. Further analysis pointed to the coins originating from an early Bitcoin wallet service, MyBitcoin.com, which collapsed in 2011 after a hack. Despite the enormous sale, Bitcoin prices dipped only slightly, maintaining stability around $117,000. This event highlights the potential influence of whale movements in the cryptocurrency market, as large holders often impact market dynamics when they sell their assets.

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