18.07.2025 08:52

A significant Bitcoin whale, dormant for over 14 years since the Satoshi era, recently liquidated a substantial portion of its holdings, netting nearly $10 billion in just three days. This massive sell-off involved 80,022 Bitcoin, cleverly executed through over-the-counter (OTC) transactions, minimizing market impact and preventing significant price fluctuations. Despite this enormous sale, Bitcoin's price remained robustly above $120,000, suggesting strong underlying market demand.


Further analysis from on-chain data reveals intriguing trends. A surge in first-time Bitcoin buyers is noteworthy, with their collective holdings increasing by 2.86% in a mere two weeks, reaching 4.91 million BTC. This influx of new investors might counterbalance the whale's actions and contribute to the price resilience. Conversely, warnings emerge from Glassnode, highlighting that short-term holders are operating in overheated territory, potentially setting the stage for future price corrections as profit-taking accelerates following recent all-time highs.


Adding to the intrigue, a second major transaction occurred within six hours of the initial sell-off. The whale transferred its remaining 40,192 Bitcoin, valued at approximately $4.83 billion, to Galaxy Digital. This completed the offloading of all 80,022 Bitcoin, accumulating a total of roughly $9.54 billion across both transactions. The average sale price for these long-held coins, originally acquired when Bitcoin traded between $0.78 and $3.37, was approximately $118,950. The longevity of these holdings underscores the significant return on investment experienced by the whale. This event highlights the volatility and massive potential gains within the cryptocurrency market, while simultaneously raising questions about future market trends and the influence of large holders. The information presented here was compiled from various internet sources.