Satoshi-Era Whale Unloads $1 Billion in Bitcoin as Price Slips Below $117K
A Bitcoin whale from the early days of the network has sold a significant portion of their holdings as the cryptocurrency pulled back from record highs.
The whale, who holds more than 80,000 BTC, sold 9,000 BTC valued at roughly $1 billion after Bitcoin surged to an all-time high near $123,000 on Monday, according to blockchain data shared by Lookonchain on X. The transaction was reportedly facilitated through Galaxy Digital.
Large sales from such early holders—often called Satoshi-era whales—can have outsized impacts on market sentiment, as these wallets have remained untouched for years and are watched closely for potential signals.
The Satoshi era refers to the period between 2009 and 2011, when Bitcoin’s mysterious creator, Satoshi Nakamoto, was actively involved in the community and the cryptocurrency traded for just pennies.
Following the record high, Bitcoin has retreated below $117,000, a typical correction as traders lock in profits after sharp gains.
At the latest reading, Bitcoin was trading just above $117,000, about 4.55% lower than its recent peak.
