Over $1B in Bitcoin Sold by Satoshi-Era Whale as BTC Price Falls Below $117K

$1B in Bitcoin Sold by Satoshi-Era Whale as BTC Retreats from Record High

An early Bitcoin whale has moved 9,000 BTC—worth approximately $1 billion—as the cryptocurrency slipped from its all-time high of $123,000 reached on Monday.

According to blockchain analytics firm Lookonchain, the seller mined the BTC during the so-called Satoshi era (2009–2011), when Bitcoin’s creator, Satoshi Nakamoto, was still active and the asset traded for pennies. The sale was executed via Galaxy Digital, a crypto-focused financial services firm.

Such large moves from long-dormant wallets are closely watched by traders, as they can signal shifts in market sentiment. Whales—wallets holding massive amounts of BTC—can trigger significant price movements when they enter or exit positions.

Following the sale, Bitcoin dropped below $117,000, reflecting a 4.55% decline from its peak. While pullbacks after strong rallies are typical, activity from early holders often amplifies volatility.

Bitcoin was recently trading just above $117,000, as traders assess the impact of profit-taking at historic highs.