Galaxy, an institutional crypto firm, announced a staggering $9 billion Bitcoin sale for a so-called Satoshi-era whale. This transaction involved more than 80,000 BTC, marking one of the largest Bitcoin sales ever recorded. The sale is significant not just because of its size, but because it represents one of the earliest exits from the Bitcoin market by an investor who held the coins for 14 years. Blockchain analysts reported that this incident likely involved coins from MyBitcoin.com, which shut down in 2011 after a hack. Despite the massive sale, Bitcoin's price saw only a slight 1% dip, trading around $117,274. The phenomenon of Bitcoin whales, who typically hold large amounts of cryptocurrency and seldom sell, has observers concerned about potential market impacts when they do decide to cash out. Analysts indicate this trend might indicate future volatility in Bitcoin's price.

Source đź”—