Institutional crypto firm Galaxy executed a $9 billion sale of over 80,000 Bitcoin on behalf of a Satoshi-era investor, marking one of the largest Bitcoin transactions recorded. The investor, who had held these coins for 14 years, surprised analysts by moving a significant amount after a long period of inactivity. This event symbolizes a major exit from the digital asset market, as the transaction involved coins linked to a historical Bitcoin wallet service, MyBitcoin.com, which ceased operations following a hack in 2011. Although Bitcoin dipped by only 1% after the sale, it remained stable at around $117,274, significantly below its all-time high of $122,838. The report highlights the growing interest in Bitcoin among large holders or 'whales', defined as entities holding at least 1,000 BTC. Despite the large sell-off, overall demand from Bitcoin whales is reportedly increasing, indicating a complex interplay of market dynamics following such sales.

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