The Sleeping Whale Sold 80,000 Bitcoin, But the Bitcoin Buyers Still Hold Control

A Bitcoin "whale" from the early 2010s, holding coins mined or acquired from the early days of Bitcoin, has recently awakened and sold 80,000 BTC. This transaction was handled by Galaxy Digital, a company that transferred over 80,000 BTC ( worth 9 billion dollars ) on behalf of this client, who is described as a "Satoshi-era" investor. Despite this large sell-off and the volatility that followed, Bitcoin remained stable and the subsequent price action indicates that the buyers are ready to absorb the shock of the sell-off. Bitcoin Decreases to $115,000, Buyers Quickly Jump In as Prices Drop News about the initial sale of 9 billion dollars worth of Bitcoin has caused price fluctuations. Recently, Bitcoin's price has been hovering around 119,000 dollars, thus, the sudden wave of selling has triggered a short-term correction. On July 25, when news about Galaxy's sell-off spread, the BTC/USD pair quickly dropped to around 114,000 to 115,000 dollars. The massive scale of 80,000 BTC ( accounts for more than 0.4% of the total supply ) released into the market, which could cause panic. In fact, there have been signs of profit-taking and an increase in the flow of funds into exchanges in the days surrounding the sell-off. This, in turn, led to a decrease of 3.5%, one of the strongest daily declines of Bitcoin in several weeks, temporarily breaking below the support level of 115,000 dollars. However, it is clear that the buyers of Bitcoin are ready to embrace this shock. The price hit the bottom just a few hours later. By the end of that day, Bitcoin had recovered to above $117,000 and was trading back around the mid $117,000 range. This rapid recovery demonstrates the liquidity and remarkable depth of the Bitcoin market. "80,000 BTC, worth over 9 billion dollars, has been sold in the open market, and Bitcoin has hardly fluctuated," cryptocurrency analyst Joe Consorti remarked, indicating that buyers quickly stepped in to counter the selling pressure.

Going back to previous years, such a large sell order could have caused a double-digit percentage drop. In contrast, the ecosystem in 2025 handled it surprisingly easily. "The entire sell-off was fully absorbed by the market," Bitcoin analyst Jason Williams commented. What Will Bitcoin's Price Be Next? With the sale of 80,000 BTC by the "whale" now somewhat concluded, the next step is to look towards the future of Bitcoin. The fact that the market has overcome a $9 billion sell-off with only slight fluctuations has made many observers more optimistic about the trajectory of Bitcoin. "We are moving very far ahead," Jason Williams commented. This is also the common view of some cryptocurrency analysts on X, who see this rapid recovery as evidence of strong momentum. Bullish speculators agree that new all-time highs are likely to appear in the coming months. Bitcoin reached a record of around $123,000 on July 14, but analysts still predict that the price will reach new highs above $130,000, $150,000, or even higher.