The official press release from Galaxy has reported on the sale of 80,000 BTC by ancient whales. The market's ability to absorb such a large amount is truly impressive; even with such a big dump, it only slightly dirtied the edges. Additionally, Galaxy definitely knows the identity of the clients but cannot disclose it due to confidentiality principles. It's worth noting that in the press release, Galaxy mentioned that this sale is part of the whales' estate planning strategy, which means this whale might be quite old, hence wanting to convert the BTC they've held for so long into cash for their descendants? But wait, you old OGs keep saying you want to pass down BTC through generations, so why is it ending up as cash? 🤣
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