Satoshi Nakamoto Era Whale Dump: Sold 80,000 BTC to Cash Out 9 Billion USD, Full Analysis of Insider Details

The world of Bitcoin has once again added a legendary large transaction. Recently, the well-known crypto assets financial service company Galaxy Digital announced that they assisted an early Bitcoin investor from the "Satoshi Nakamoto era" in liquidating over 80,000 Bitcoins, with a written amount of approximately 9 billion USD. This transaction may have achieved the largest scale turnover in the shortest time, yet it did not cause significant market turbulence, and we wish this whale who liquidated their Bitcoins to embrace the US dollar again. This incident not only reveals the astonishing wealth of early Bitcoin holders but also highlights the significant increase in Bitcoin market liquidity and the capability of professional institutions in handling large transactions.

$9 Billion Large Transaction Revealed: The Mystery of the Whale's Identity

According to a press release from Galaxy Digital, this massive Bitcoin settlement occurred simultaneously through multiple over-the-counter (OTC) and spot channels, marking one of the earliest investments and the largest sell-off events in Bitcoin history. The identities of both the buyer and seller have not been disclosed. Galaxy Digital stated that this ancient whale began accumulating its position in 2010, having locked in its holdings for over 14 years, and is now making a one-time adjustment to its asset structure as part of its broader estate planning.

This Whale can be said to have converted cash "onshore" in one go, which makes their identity even more intriguing. However, compared to the early days when the market would crash due to Whale sell-offs, this time the market only had a brief fluctuation, symbolizing that Bitcoin Liquidity has reached a higher level. This also proves the maturity of the Bitcoin market, which is no longer what it used to be.

How does Galaxy Digital stabilize the market? Dispersed selling and hidden orders

In the face of such a massive selling volume, the market's mild reaction can be attributed to the professional operations of Galaxy Digital. They stated that they first placed the Bitcoin of their whale clients in institutional-grade custody, and then segmented 80,000 BTC into orders according to price ranges, bringing in multiple exchanges and OTC liquidity pools.

The overall order volume was equivalent to nearly 10% of the on-chain trading volume for the day, with the spot price briefly dropping by 3% to 4%, from about $118,000 down to $115,000, before recovering to above $117,000 a few hours later. The market's response was mild primarily due to:

Decentralized market selling: Avoid excessive pressure on a single market by using multiple channels and segmented orders.

Hidden Order Book Pressure: The use of Over-The-Counter (OTC) trading to prevent large orders from directly entering the public market, causing panic selling.

On-chain monitoring for real-time tracking of fund flow: Blockchain analysis companies Arkham Intelligence and Lookonchain observed multiple long-term dormant addresses first moved into the Galaxy Digital custody wallet, then directed to exchanges. This gives the market a certain degree of control over fund flow, reducing uncertainty.

Whale took 9 billion to "do inheritance": Challenges of Bitcoin estate planning

This massive fund of 9 billion USD can currently rank around 220th in the global personal wealth rankings. Bitcoin has created a new wealthy individual and established a new milestone for asset turnover.

However, what ancient Bitcoin miners or early investors may be most concerned about is not the price, but whether their descendants can truly inherit crypto assets. This is because the process must cover legal documents, tax design, multi-signature wallets, and beneficiary education. In this transaction, Bitcoin has been exchanged for traceable fiat currency and deposited into a trust account. If it is for the purpose of an inheritance plan, it is indeed more convenient than crypto assets. This also highlights the complexity of crypto assets in estate planning and tax handling, as well as the practical need to convert them into traditional financial assets.

The event of Satoshi Nakamoto's era Whale selling 80,000 Bitcoins is not only a legendary story in the Crypto Assets market but also an important indicator of its maturity. This massive transaction, amounting to 9 billion dollars, was completed in a relatively smooth manner with the assistance of professional institutions, demonstrating that the liquidity of the Bitcoin market has reached unprecedented levels. At the same time, this reminds us that as the value of Crypto Assets skyrockets, how to conduct effective estate planning and tax handling will become an increasingly pressing issue for more early investors.