Bitcoin Whale Makes Waves with Massive Transfer to Galaxy Digital

Key Points

1. A dormant Bitcoin whale from 2011 transferred 40,010 BTC to Galaxy Digital's OTC desk in multiple transactions during low-volume market times.

2. The transferred BTC, originally mined when Bitcoin was valued under $30, is now worth a significant amount due to Bitcoin's price surge.

3. Speculation suggests the whale could be a prominent figure like Satoshi Nakamoto, but the identity remains unconfirmed.

4. Transfers to Galaxy Digital are preferred for large transactions due to privacy and minimal price slippage via OTC desks.

5. The movement of such a large amount of BTC after a decade of inactivity has significantly impacted the crypto market conversation.