🚨 Bitcoin Tanks as Satoshi-Era Whale Unloads 80K BTC—Market Braces for Impact

A dormant Bitcoin whale from the Satoshi era just shook the market—dumping 80,000 BTC in a single move. Price charts bled red within minutes.

### The Wake-Up Call Crypto Didn’t Want

When early miners cash out, it’s never subtle. This sell-off—equivalent to roughly $4.8 billion at current prices—triggered cascading liquidations. Exchanges saw order books flip bearish faster than a Wall Street analyst downgrading a stock after bad news.

### Why This Isn’t Just Another Dip

Satoshi-era coins carry psychological weight. Their movement signals conviction (or panic) from holders who’ve weathered every cycle. The market interprets it as a verdict: ‘Time to take profits.’

### The Silver Lining? Maybe.

Volatility is Bitcoin’s brand. Every fire sale creates buyers—whether it’s institutions waiting for a discount or retail FOMO-ing back in after a 20% drop. Meanwhile, traditional finance pundits will smugly cite this as proof crypto’s ‘too unstable’—ignoring their own 2008 track records.

Bottom line: Bitcoin’s survived worse. But grab popcorn—this could get messy.

On-chain platform Lookonchain warned that the Bitcoin OG whale seems to have started selling its holdings. The whale used Galaxy Digital services to sell 9000 BTC in total.

15 minutes later, the whale again transferred BTC to Galaxy Digital. This time, the whale made three transfers of 2,043 BTC, 3000 BTC, and 2800 BTC. Notably, this wallet still holds 3,157 BTC worth $371.15 million.

Lookonchain said the whale sold 16,843 BTC worth more than $2 billion. Also, Galaxy Digital is depositing these BTC to crypto exchanges Bybit and Binance.

Other whales have started selling their BTC after seeing the OG whale liquidating their holdings. Whale 0x960B closed long position and flipped short on BTC, sitting at an unrealized profit of $228K.

After seeing the bitcoin OG with 80,009 $BTC($9.46B) start selling, whale 0x960B instantly closed his long position and flipped short on $BTC.

He's now sitting on an unrealized profit of $228K.

Smart move! https://t.co/R9jX4aj4Bf pic.twitter.com/ZccpUX5du9

Bitcoin price slipped further by 2% after a selloff by the Satoshi-era whale, extending the fall to 5.60% from recent ATH above $123K. The price currently trades at $116,718, with a 24-hour low and high of $116,953 and $123,091, respectively.

CoinGlass data also showed selling in the derivatives market. At the time of writing, the total BTC futures open interest dropped 2% to $86.04 billion in the last 4 hours. BTC futures OI on CME and Binance slipped more than 2.27% and 2.68%, respectively. This signals bearish sentiment among derivatives traders.

OG Bitcoin Wallet Moves $2.42B in BTC After A Long Silence