Bitcoin News Today: Bitcoin Whale Sells $9B BTC OTC, Price Gains 0.5%

A Bitcoin whale linked to the asset’s early history has sold 80,000 BTC—valued at approximately $9 billion—via Galaxy Digital, marking one of the largest notional transactions in the cryptocurrency’s history. The coins, held since 2011, were transferred through over-the-counter (OTC) channels to minimize market disruption, according to sources close to the transaction. Despite the massive size of the sale, Bitcoin’s price remained relatively stable, with only a brief dip below $115,000 before rebounding to $117,000 within hours. The event underscored the growing liquidity and institutional depth of the Bitcoin market, as buyers swiftly absorbed the sell pressure without triggering a sustained decline [1].

The sale, executed over several days, was described as an estate planning strategy by Galaxy Digital, which confirmed the completion of the transaction. The whale’s inactivity over the past decade made the sudden offloading a significant on-chain event, prompting speculation about the investor’s identity. Some analysts suggested the coins could originate from early adopters or legacy holders seeking to liquidate assets, while others raised questions about potential links to historical hacks or airdrops [4].

Bitcoin’s muted price reaction highlighted the maturation of the cryptocurrency market. While large sell orders traditionally cause volatility, this case saw minimal impact, with the asset recovering its prior trading range within hours. “80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” noted crypto analyst Joe Consorti, emphasizing the robustness of buyer participation [3]. The quick rebound, combined with broader bullish momentum, reinforced confidence in Bitcoin’s trajectory. At the time of writing, the price stood at $118,063, reflecting a 0.5% gain over the past 24 hours [2].

Analysts remain cautiously optimistic about Bitcoin’s future. Jason Williams, a Bitcoin-focused analyst, stated that the market’s ability to absorb the sale demonstrated strong institutional demand and hinted at further upside. “We’re going so much higher,” he said, aligning with predictions from other crypto analysts who view the recovery as evidence of sustained upward momentum. While Bitcoin has already reached a record $123,000 this year, forecasts for new all-time highs above $130,000 or even $150,000 continue to gain traction [6].

The transaction also highlighted the critical role of OTC markets in facilitating large-scale trades without destabilizing public exchanges. Galaxy Digital’s involvement underscored the growing infrastructure supporting institutional-grade transactions, further cementing crypto’s integration into traditional finance. John Glover, chief investment officer at crypto lender Ledn, noted that the sale could signal a key inflection point. Using Elliott wave analysis, he predicted Bitcoin might test $132,000 after completing a short-term correction, though such forecasts remain speculative [7].

The event serves as a case study in market resilience, illustrating how Bitcoin’s ecosystem has evolved to handle large-scale liquidity events. While the sale’s immediate impact was limited, questions remain about the broader implications of legacy holders reentering the market. For now, the dominance of bullish sentiment appears unshaken, with the asset continuing its multi-week uptrend despite periodic corrections.

Source: [1] [Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control] (https://www.newsbtc.com/news/bitcoin/dormant-whale-sells-80000-btc-but-bitcoin-bulls-still-in-control/) [2] [Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale] (https://cryptoadventure.com/bitcoin-rebounds-after-galaxy-completes-sale-of-9b-btc-from-satoshi-era-whale/) [3] [Bitcoin Market Absorbs 80,000 BTC Sale Without Price Shift] (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-market-absorbs-80-000-btc-sale-price-shift-2507/) [4] [80K Bitcoin Whale Identity Uncovered? MyBitcoin Wallets...] (https://www.mitrade.com/insights/news/live-news/article-3-989731-20250727) [6] [Bitcoin Roars Back: Dormant Coins Spark Frenzy as...] (https://www.btcc.com/en-IN/square/CoinTurk/696978) [7] [Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale] (https://cryptoadventure.com/bitcoin-rebounds-after-galaxy-completes-sale-of-9b-btc-from-satoshi-era-whale/).