CMC News

Bitcoin Whale Dumps $9 Billion Through Galaxy Digital in Historic Sale

A Satoshi-era investor has sold 80,000 $BTC through Galaxy Digital in one of crypto's largest transactions ever.

The sale was part of the investor's "broader real estate planning strategy," according to Galaxy's disclosure.

The market absorbed the massive sell-off with $BTC barely moving, rebounding above $117,300.

Lookonchain tracked nearly 30,000 $BTC flowing from Galaxy to exchanges throughout Friday's session.

The coins originated from a dormant wallet that activated earlier this month after years of inactivity.

Analysts say the smooth absorption shows Bitcoin's market depth and #institutional maturity.

Galaxy Digital declined to reveal the client's identity or specific execution details.

#Bitcoin briefly dipped below $115,000 during Friday's heightened volatility before recovering.