Historic Bitcoin Liquidation of $9 Billion by a Satoshi-Era Investor Stirs Debate on Confidence Loss

Date:

Galaxy, a well-known institutional crypto firm, revealed on Friday that it had facilitated the sale of a staggering 80,000 Bitcoin for a Bitcoin investor from the Satoshi era. The Bitcoin, valued at approximately $9.3 billion at the time of the sale, represents one of the largest liquidations in the history of the cryptocurrency.

This enormous exit has led Scott Melker, a highly regarded crypto analyst, to conjecture that some of the early Bitcoin whales might be losing faith in Bitcoin (BTC). This has ignited a fiery discussion within the cryptocurrency community on the future of Bitcoin and the sentiments of its early adopters.

LEAVE A REPLY

Please enter your comment!
Please enter your name here


Share post:

Subscribe

Popular

More like this
Related

Family Offices AI Investment: 5 Key Insights Revealed by JPMorgan

Family offices worldwide are increasingly focusing on AI investments...

Tether’s Open-Source Bitcoin Mining OS: 5 Key Benefits You Need to Know

Tether, a leading name in the crypto industry, has...

Ethereum Price Soars 2.32% to $2339.28 — Breaking Surge Update!

Ethereum price has surged by 2.32%, reaching an impressive...

Join the Trading Power-Up Challenge – 10,500,000 SENT Prize Pool on Binance

Binance has launched The Trading Power-Up Challenge with a...