• Satoshi-era investor sells 80,000 Bitcoin via Galaxy, worth $9 billion.

• Galaxy Digital executes historic Bitcoin sale without shaking the market.

• Bitcoin briefly dips, then rebounds, showing strong institutional investor demand.

In a major development in the crypto world, an early Bitcoin investor has sold 80,000 BTC through Galaxy Digital. This transaction is one of the largest Bitcoin sales ever recorded. According to current market prices, the estimated value of the transaction is about 9 billion dollars.

Galaxy Digital Sells Old Bitcoin Without Rocking the Market

The Bitcoin that was traded was in the wallet that existed during the early days of the cryptocurrency, commonly referred to as the Satoshi era. Whereas the Bitcoin developed in 2009 is almost non-moved, this wallet was a bit of newer one but very old, perhaps 2010 or 2011. The coins of that time are very rare, and this sale is even more important.

The deal was done without any hitch by Galaxy Digital, which is a financial services company that deals with digital assets. They failed to disclose the exact sale price, however, blockchain observers reported multiple huge Bitcoin transfers over the trading day. Lookonchain and other analytics firms monitored these transfers, most of which were sent to exchanges.

Noteworthy, this sell-off was huge yet did not create significant market havoc. The prices of Bitcoin did dip down to below $115,000 on Friday, but they recovered soon. This recovery indicated high demand of Bitcoin, particularly by institutional investors. This was interpreted by many analysts as a good indication that the market is capable of taking huge transactions without collapsing.

Other analysts think that the sale would affect the future price trend. On one hand, selling so many Bitcoins at once could lower prices. On the other hand, the sale happened calmly without panic. This shows that the crypto market is strong and stable right now.

Bitcoin Hits Record $123K Amid Strong Institutional Demand

Galaxy’s role in this transaction highlights its growing importance in bridging traditional finance with the digital asset world. The company has both the experience of making valuable crypto transactions and collaboration with regulated financial systems. This renders it a reliable collaborator of large investors that seek to oversee their digital assets safely.

Sources familiar with the transaction revealed that the investor sold the Bitcoin because of a long-term estate planning strategy. It implies that the relocation was not a panic sale and/or an effort to get out of the market as soon as possible. Rather, it was a wise action taken to preserve assets that could be utilized later in life.

Bitcoin has been on a high trend since January. In July, it hit a new all-time high of 123,000. This growth happened because more companies now accept crypto and Bitcoin exchange-traded products are increasing. Also, the U.S. government is making friendly policies for crypto.

To sum up, the sale of 80,000 Bitcoin that occurred at the value of $9 billion becomes one of the significant events in the history of the crypto world. It depicts that early adopters are beginning to see their rewards, and that the market has become stable enough to accommodate big shifts without crumbling. Bitcoin is not over yet with persistent interest by investors and good technical backup, the prospects are still there.