Bitcoin Roars Back as Galaxy Capital Offloads $9B Satoshi-Era Whale Stash—Market Shrugs and Charges Ahead

Bitcoin just pulled off its best Lazarus impression—bouncing hard after Galaxy Capital dumped a $9 billion trove of Satoshi-era coins. The market yawned, then bid.

Whale watching turns into whale dining

When a single entity controls enough BTC to buy a small country, everyone holds their breath. But this time? The crypto ecosystem barely flinched—proof that even nine-figure sell orders can't derail a market that's high on its own supply shock narrative.

Wall Street analysts (the ones who haven't pivoted to AI yet) are calling it 'the most orderly $9 billion liquidation in history.' Meanwhile, Bitcoin maximalists are already minting 'I survived the whale' NFTs.

Funny how 'generational selling pressure' now gets absorbed before the coffee's cold. Either the market's deeper than we thought—or everyone's just frontrunning the next ETF inflow. Place your bets.

"Once completed (either today or over the weekend) I expect that we will complete wave iii by rallying to circa $132,000," Glover said in a market note.