Bitcoin has bounced back strongly after a brief dip below $115,000, following one of the largest-ever BTC transactions. Galaxy Digital confirmed the sale of 80,000 BTC from a long-dormant Satoshi-era wallet, executed as part of an estate planning strategy.
š” What Happened?
Late Friday, a massive transfer of BTC to exchanges triggered short-term volatility, pushing Bitcoin's price below the $115K mark. Hours later, Galaxy Digital confirmed it had facilitated the sale of 80,000 BTC (worth approximately $9 billion) on behalf of a client managing their estate.
This sale is considered one of the biggest transactions in crypto history, and the BTC originated from a wallet untouched since the early days of Bitcoin ā possibly linked to the Satoshi era.
š Key Takeaways for Binance Traders:
Despite short-term price pressure, Bitcoin recovered quickly above $117,000, signaling market resilience.
Large whale movements often create temporary dips, but can also open up opportunities for strategic investors.
If you're trading on Binance, especially in futures or margin, monitoring macro events like this can significantly affect your positions.
š What Experts Are Saying:
John, Chief Investment Officer at crypto lending platform Ledn, believes that BTC may have already established a local bottom, with the next bullish leg potentially around the corner.
š” Pro Tips for Binance Users:
Set price alerts to stay informed during large movements.
Use Binanceās real-time charts and on-chain analytics to track whale activity and market sentiment.
If youāre HODLing, avoid panic selling during high volatility ā historical data still supports a bullish long-term outlook.
š£ Stay ahead with Binance ā your trusted gateway to the global crypto economy.
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