Satoshi-era Bitcoin investor cashes out 80,000 BTC for $9B via Galaxy Digital
Main Idea
An early Bitcoin investor sold 80,000 BTC through Galaxy Digital, with the market absorbing the sale without significant price disruption.
Key Points
1. An early Bitcoin investor sold 80,000 BTC via Galaxy Digital, though the execution price was not disclosed.
2. Bitcoin's price briefly dipped below $115,000 but quickly rebounded to above $117,300, showing resilience despite the large sale.
3. Analysts noted that the market absorbed the $9 billion sale with minimal price movement, indicating strong demand.
4. Bitcoin's price has surged this year, reaching a new all-time high above $123,000, driven by ETF inflows and regulatory shifts.
Description
An early Bitcoin investor has sold 80,000 BTC through Galaxy Digital, marking one of the largest crypto transactions ever, in a trading session marked by higher volatility.
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