A dormant Bitcoin whale originating from the Satoshi era has transferred 40,010 BTC, valued at $4.6 billion, to Galaxy Digital in two separate transactions. This significant movement raises concerns about potential selling pressure as Bitcoin surges to an all-time high of $122,600, securing its position as the world’s fifth-largest asset by market capitalization.
Market analysts indicate that strong ETF inflows and robust demand from long-term holders could mitigate supply impacts from the transfers. Concurrent regulatory developments, including Washington D.C.’s ‘Crypto Week,’ are closely monitored for potential influence on whale behavior and market trajectories.
The transaction underscores evolving institutional dynamics as Bitcoin’s liquidity infrastructure matures, highlighting heightened institutional involvement in cryptocurrency markets amid record valuations.