Satoshi-Era Whale Sells 9,000 BTC Worth $1 Billion as Bitcoin Retreats from Record High

Bitcoin traders keep a close watch on Satoshi-era whales, whose wallets have remained dormant for years, as their movements can signal significant market shifts.

This week, a whale holding over 80,000 BTC offloaded a portion of their holdings after Bitcoin surged to a record high of around $123,000 on Monday.

According to a post on X from Lookonchain, the early miner sold 9,000 BTC — valued at approximately $1 billion — through crypto services firm Galaxy Digital.

Large holders like this, known as whales, can sway the market when they transact significant amounts of Bitcoin, due to the sheer size of their positions.

The term “Satoshi era” refers to the early days of Bitcoin between 2009 and 2011, when its pseudonymous creator, Satoshi Nakamoto, was actively engaged in the community, and BTC prices were measured in mere cents.

Following Monday’s record highs, Bitcoin’s price retreated below $117,000, a pullback typical of profit-taking behavior after sharp rallies.

At last check, Bitcoin was trading slightly above $117,000, about 4.55% below its recent peak.