A historic Bitcoin sold. On July 15th, the crypto sphere was shaken by unexpected news: a whale (a very large holder of crypto) transferred 40,000 BTC from an inactive wallet since 2011. Two days later, on July 17th, this same whale transferred an additional 40,000 BTC, bringing the total to 80,000 BTC, or about 9.8 billion dollars. These massive transactions sparked much speculation and concern about their potential impact on the Bitcoin market.

The key points of this article:

On July 15th, a historic transaction shook the crypto sphere with the transfer of 80,000 BTC from an inactive wallet since 2011.

Galaxy Digital confirmed it facilitated this massive transaction, marking one of the largest sales in Bitcoin history.

Galaxy Digital confirms it facilitated the sale of 80,000 BTC.

In a statement released on July 25th, Galaxy Digital revealed it facilitated the sale of 80,000 BTC on behalf of a long-term investor. The company described this transaction as one of the most significant in cryptocurrency history.

Although the identity of the investor has not been disclosed, Galaxy Digital specified that the sale was part of the investor's overall estate planning strategy.

According to data from Lookonchain, Galaxy Digital transferred nearly 30,000 BTC to exchanges on July 25th, which coincided with a brief drop in the price of Bitcoin below 115,000 dollars.

These movements were linked to a Bitcoin investor who had already moved 80,009 BTC from an inactive wallet earlier this month.

The market absorbs the sale without flinching.

Despite the massive sale, the Bitcoin market quickly rebounded. After a brief drop of nearly 4% on July 25th, the price of Bitcoin rose back above 117,300 dollars.

Analysts like Jason Williams pointed out that the sale was "fully absorbed by the market".