Galaxy, an institutional crypto firm, announced it sold over 80,000 Bitcoin, equivalent to more than $9.3 billion, for a Satoshi-era investor. This transaction is considered one of the largest Bitcoin sales in crypto history. The Bitcoin whale, who had held these coins for 14 years, moved them earlier this month, prompting speculation among crypto analysts. Blockchain experts indicated that these coins had previously resided in an early Bitcoin wallet service, MyBitcoin.com, which went offline after a hack in 2011. Galaxy declined to comment on the details surrounding the transaction referenced as one of the most significant exits from the market. Despite the sale, Bitcoin's price dipped only slightly, reflecting resilience in the market. Analysis showed that while large holders are sometimes individual investors, they can also be companies that entered the crypto space early. As whales remain active, crypto markets often watch for signs of selling pressure, especially since demand among these major holders has reportedly reached record levels, indicating a strong appetite for Bitcoin.

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