Historical Effect The price of bitcoin recovered and traded above 118,000 dollars after a historic sale of 80,000 BTC for a total amount of about 9 billion dollars.
The operation, executed by Galaxy Digital, was carried out on behalf of a whale from the “satoshi era” that had kept those bitcoins practically inactive since 2011, and according to on-chain analysis, it caused a nearly 3% drop in the price of bitcoin.