Whales of the Satoshi era sell 9 billion in BTC: the market remains imperturbable

A long inactive bitcoin portfolio of the era of Satoshi rocked the crypto market after unloading 80,000 BTC, the sale having been facilitated by the Galaxy Digital asset management company. This sale is one of the most important crypto transactions ever made, the market recorded moderate volatility during the trading session.

Galaxy Digital manages one of the biggest sales in Bitcoin

Friday, an early Bitcoin whale succeeded what many consider as one of the largest nominative transactions to date, selling 80,000 BTC via Galaxy Digital. Although the asset manager has not disclosed details on the sale price, Crypto commentators estimate the transaction at $ 9 billion according to current market rates.

Galaxy Digital has confirmed that the sale was part of the investor's “wider strategy”.

This news intervened while Bitcoin experienced high price fluctuations during its trading session, briefly affecting a level less than $ 115,000 on Friday.

Galaxy Digital has carried out several important transactions during the intrajournual session, reaching nearly 30,000 BTC. Lookonchain noted that most transfers were sent directly to exchange platforms.

The reports confirmed that these transactions were linked to a Bitcoin investor from the Satoshi era which moved 80,009 BTC from an inactive portfolio in early July. According to information from Lookonchain, these assets were Then sent to Galaxy between July 16 and 17.

The BTC remains solid after the sale of $ 9 billion by the whale, eyeing new heights

After its brief decrease in the last session, the Crypto OG recovered and traded at $ 117,304 – up 1.7 % at the time of the editorial staff.

According to CoinCodex data, here is The current BTC price action ::

• Sensation of the market: currently bullish, indicating optimism among traders and analysts.
• Index of fear and avidity: displaying a score of 72, being in the “greed” zone – suggesting a strong interest in purchase.
• Annual performance: Bitcoin has gained around 75 % in the last 12 months.
• Relative force: he outperformed 78 % of the first 100 crypto active workers during the same period.
• Technical indicator: above its simple mobile average at 200 days, a signal often associated with a long-term bullish momentum.
• Short -term trend: 17 green days recorded last month.

Market analyst Jason Williams stressed that the Sale of 80,000 BTC has already been “completely absorbed by the market”. This means that there was enough request to buy all the bitcoin without causing a sharp drop in prices, which, according to him, could lead to much higher prices very soon.

The 80,000 whole BTCs of the former Bitcoin whale were sold by Galaxy, according to a press release. 9 billion dollars of bitcoin entirely absorbed by the market.
Hahahahaha we will go up much higher! Lololololol

Jason Williams, author of Bitcoin Hard Money

Joe Consorti, responsible for growth at the Bitcoin Theya daycare companyI, underlined how Bitcoin has absorbed these major sales without a massive fall in prices.

80,000 BTC, more than $ 9 billion, were sold on open market books, and Bitcoin has barely moved

Joe Consorti

Since the beginning of the year, Bitcoin has been in full ascent, reaching a new historic summit of 123,000 on July 14. Significant investments in products exchanged in BTC, increasing adoption by corporate holders, as well as the American administration favorable to Bitcoin have fueled this increase. Given its solid momentum on the market, most price forecasts for Bitcoin suggest that currency could reach new levels before the end of the year.