Institutional crypto firm Galaxy has executed a remarkable sale of 80,000 Bitcoin, amounting to over $9.3 billion, on behalf of a long-term investor, dubbed a Satoshi-era whale. This transaction, one of the largest in Bitcoin's history, signifies a major exit from the cryptocurrency market, with the investor reportedly holding these coins for 14 years. This sale follows a period of heightened activity from this whale, who moved the Bitcoin earlier this month, leading analysts and blockchain experts to speculate about the motivations behind such a decision. CEO of CryptoQuant has attributed the origin of these coins to an early Bitcoin wallet service that ceased operations due to a hack in 2011. Despite the massive sell-off, Bitcoin's price has only seen a minor decline of 1%, remaining relatively stable around $117,274.

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