An early Bitcoin investor sells 80,000 BTC through Galaxy Digital, one of the largest transactions in crypto history. The details of the sale, including date and execution price, were not disclosed. The transaction was part of the investor’s real estate planning strategy. Galaxy Digital confirmed the authenticity but did not reveal the client’s identity. Bitcoin’s price briefly dipped below $115,000 on the day of the announcement.

Several large transactions totaling nearly 30,000 BTC were made by Galaxy Digital, with most funds sent directly to exchanges. These transactions were linked to a Bitcoin investor who moved 80,009 BTC from a dormant wallet earlier this month. Despite heightened volatility, analysts say the sold coins have been fully absorbed by the market, suggesting prices may rise significantly.

Bitcoin’s price rebounded above $117,300 after a brief 4% drop. Analysts believe the market has fully absorbed the 80,000 BTC sale, indicating potential for significant price increase. Bitcoin’s recent surge to an all-time high above $123,000 is attributed to ETF inflows, corporate treasuries adoption, and positive regulatory developments in the US.

Read more at Cointelegraph: Early Bitcoin Investor Sells 80,000 BTC via Galaxy Digital