Who Is the Satoshi-Era Investor Behind Galaxy’s $9B Bitcoin Sell-Off?

Galaxy has completed a massive sell-off of over 80,000 Bitcoin (BTC)—worth more than $9 billion—on behalf of a mysterious Satoshi-era investor. This news was confirmed by blockchain analyst @lookonchain and is seen as a key moment in the current crypto market.

The BTC sold came from early mining wallets believed to date back to the days of Bitcoin’s creator, Satoshi Nakamoto, or people who mined BTC when it was nearly worthless.

Why This Is a Big Deal

Bitcoin’s price has been under pressure for weeks due to rumors of large-scale dumping by early holders. Now that this massive liquidation is officially over, selling pressure may ease, giving BTC a chance to recover or stabilize.

The 80,000 BTC represents about 0.4% of the total Bitcoin supply, making this one of the largest known sales in Bitcoin’s history.

How It Was Done

Galaxy, a major digital asset firm, handled the sale over-the-counter (OTC)—a method used to avoid price crashes on public exchanges like Binance or Coinbase.

Experts believe this approach helped reduce market panic and maintained trading order. According to sources, this move was strategic, keeping volatility lower than expected.

What Traders Should Expect Now

Now that the sale is complete:

• Bitcoin price may stabilize and could test support between $50,000–$55,000.

• Technical indicators like RSI and MACD may show signs of bullish trends.

• BTC/ETH and BTC/USDT pairs could gain liquidity as the pressure fades.

• Traders may see short-term buying opportunities, especially in futures markets.

Past events show BTC can rebound 5–10% shortly after similar large-scale liquidations.

Broader Crypto Impact

The end of this sell-off may:

• Boost confidence in other cryptocurrencies like Ethereum and Solana

• Attract institutional investors back into Bitcoin

• Push up shares of crypto-holding companies like MicroStrategy

• Improve market sentiment reflected in the Fear & Greed Index

Who Was the Satoshi-Era Investor?

The identity of the investor remains unknown, but their wallets dated back to the early days of Bitcoin, possibly mined between 2009 and 2011. Such wallets rarely move, so when they do, it sends shockwaves through the market.