MAXIMUM ALERT IN BITCOIN!
Whale of Era #Satoshi Moves its Last $4.8 BILLION in BTC to Galaxy Digital
Is a Massive Sell-Off Approaching that Will Shake the Market?
A whale of #bitcoin from the era of Satoshi Nakamoto, meaning a long-term holder who has kept their coins inactive since the early days of the network, has moved their entire inventory of 80,000 BTC to trading desks.
The last transfer, which occurred on Friday, involved 40,191 #BTC valued at an impressive $4.8 billion dollars, sent directly to Galaxy Digital. This move strongly suggests that a sale is in preparation.
Blockchain data from Arkham Intelligence revealed that these Bitcoins were transferred in 15 transactions to an address labeled as Galaxy. The coins were consolidated from four previous wallets into a single storage address before the final transfer. Notably, the previous Tuesday, this same whale had already transferred 40,010 BTC to Galaxy Digital, which has since been routing those coins to exchanges like Coinbase, Gemini, Bitstamp, and several unlabeled addresses, indicating a possible offloading through OTC (Over-The-Counter) desks.
The transfer of large amounts of cryptocurrency to exchanges or trading desks does not confirm an immediate sale to fiat or other tokens. However, the common practice of storing large volumes of BTC in cold wallets (hardware wallets) instead of exchanges leads the market to believe that these movements toward trading platforms are for sale purposes. The last batch raises Galaxy's wallet balance to 40,288 BTC, and no outgoing activity has been recorded since the whale's last transfer.