Galaxy, an institutional crypto firm, has executed a massive sale of over 80,000 Bitcoin, worth more than $9.3 billion, on behalf of a long-time Satoshi-era investor. This transaction is considered one of the largest Bitcoin trades within the cryptocurrency sector, marking a significant exit from the market for a whale who had held these coins for 14 years. Blockchain analytics confirm that the coins moved to Galaxy originated from an early wallet service, MyBitcoin.com, which was hacked and shut down in 2011. Despite the substantial sale, the price of Bitcoin experienced only a minor dip of 1% over the last day, maintaining a trading value around $117,274, nearly 5% below its all-time high of $122,838. The activity of Bitcoin whales—those holding over 1,000 BTC—continues to draw attention, as such movements can impact market dynamics significantly. Recent studies suggest a growing demand among whales for even greater Bitcoin holdings, indicating a resilience among major investors in the crypto space.

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