Bitcoin’s Sleeping Giant Awakens, Shakes the Market 🐳💰

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In the quiet of a Monday evening, a wallet that had been as still as a winter pond since 2011 suddenly stirred, sending ripples through the crypto world. A single address, once holding a staggering 80,009 BTC—worth a cool $9.46 billion at today’s prices—decided it was time to make a move. It began with a gentle nudge: 9,000 BTC, or about $1.06 billion, slipped away into the night. An hour later, another 7,843 BTC ($927 million) followed, like a hesitant lover unsure of the morning after. Over the next few hours, the wallet continued its dance, sending smaller tranches to Galaxy Digital, a New York-based trading giant known for its discretion and deep pockets.

By the time the sun rose, the wallet had parted with 40,009 BTC, worth roughly $4.68 billion. The coins, which had first seen the light of day in early 2011 when a bitcoin was worth less than a dollar, now found themselves in the hands of a modern financial behemoth. Galaxy Digital, with its reputation for premier execution and bespoke liquidity, seemed the perfect partner for such a delicate operation. Within hours, 6,000 BTC ($706 million) had been discreetly deposited into Binance and Bybit, two of the most liquid exchanges on the planet.

The market, always quick to react, did not disappoint. Bitcoin, which had just reached an all-time high of $123,153, took a sudden and dramatic dip, falling more than 6% to an intraday low of $115,700. Traders, already on edge from the recent legislative push in Washington, found themselves grappling with the sudden influx of coins. The question on everyone’s lips: Was this the beginning of a larger liquidation, or merely a strategic move to deploy the funds elsewhere?

But the market’s jitters were not solely the fault of the OG whale. The US Bureau of Labor Statistics’ June CPI report, which showed a modest 0.3% increase in consumer prices, also played its part. The dollar index climbed above 95.5, and risk assets were left to navigate the choppy waters of economic uncertainty. “The price action on the dollar pretty much tells you everything you need to know about this CPI report—mixed and the market is trying to digest it and to figure out the direction today,” observed Daan Crypto Trades on X.

As the dust settled, BTC stabilized around $116,972. With half of the whale’s stash now under Galaxy’s control, the crypto community waits with bated breath, wondering what the next move will be. Will the coins find their way into the order books, or will they remain in the shadows, waiting for the right moment to strike? Only time will tell, but one thing is certain: the crypto world will not soon forget the night the sleeping giant awoke.

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2025-07-16 06:41