{"id":6104,"date":"2025-07-28T05:00:27","date_gmt":"2025-07-28T05:00:27","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/dormant-whale-sells-80000-btc-but-bitcoin-bulls-still-in-control\/"},"modified":"2025-07-28T05:00:27","modified_gmt":"2025-07-28T05:00:27","slug":"dormant-whale-sells-80000-btc-but-bitcoin-bulls-still-in-control","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/dormant-whale-sells-80000-btc-but-bitcoin-bulls-still-in-control\/","title":{"rendered":"Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control"},"content":{"rendered":"

A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin\u2019s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital,<\/a> which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a \u201cSatoshi-era\u201d investor<\/a>.\u00a0<\/p>\n

Despite this massive sale and the volatility that came after, Bitcoin has managed to steady and the ensuing price action shows that bulls were more than prepared to absorb the sell shock.<\/p>\n

Bitcoin Dips To $115,000, Bulls Quickly Bought The Dip<\/b><\/h2>\n

News of the $9 billion Bitcoin sale initially caused price volatility.<\/a> Bitcoin\u2019s price had recently been trading around $119,000, so the sudden influx of sell orders caused a short-lived pullback. On July 25, as reports of Galaxy\u2019s whale sale spread, BTC\/USD swiftly fell to around $114,000 to $115,000.\u00a0<\/p>\n

The sheer size of 80,000 BTC (over 0.4% of total supply) hitting the market had the potential to trigger panic. Indeed, there were signs of profit-taking and higher exchange inflows in the days surrounding the sale. This, in turn, led to a 3.5% drop, which is one of Bitcoin\u2019s steepest intraday dips in weeks, temporarily breaking below the $115,000 support level.\u00a0<\/p>\n

However, it soon became clear that Bitcoin\u2019s bulls were more than prepared to absorb the shock. The price decline bottomed out in mere hours. By the end of that same day, Bitcoin had rebounded above $117,000, and it was trading back in the mid-$117,000. <\/p>\n

<\/p>\n

This rapid recovery demonstrated remarkable liquidity and depth in the Bitcoin market. \u201c80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,\u201d observed <\/a>crypto analyst Joe Consorti, showing how quickly buyers stepped in to counter the selling pressure.<\/p>\n

\"\"<\/p>\n

Image From X: Joe Consorti<\/i><\/a><\/p>\n

Back in earlier years, a sell order of this magnitude could have triggered a double-digit percentage price crash. By contrast, the ecosystem in 2025 handled it with surprising ease. \u201cThe entire sale has been fully absorbed by the market,\u201d noted Bitcoin analyst <\/a>Jason Williams.<\/p>\n

What\u2019s Next For Bitcoin Price?<\/b><\/h2>\n

With the whale\u2019s 80,000 BTC sale now largely in the rearview mirror, the next step is looking ahead to where Bitcoin might go from here. The fact that the market digested a $9 billion sell-off with only minor turbulence has many observers feeling even more bullish about Bitcoin\u2019s trajectory. \u201cWe\u2019re going so much higher,\u201d Jason Williams noted.<\/p>\n

It\u2019s a sentiment shared by several crypto analysts on X, who see the quick recovery as evidence of strong upward momentum. The consensus among bulls is that new all-time highs could be on the horizon in the coming months. Bitcoin already notched a record around $123,000 on July 14, but analysts are still calling for new highs above $130,000, $150,000, or even higher.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at $118,063, up by 0.5% in the past 24 hours.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin\u2019s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a \u201cSatoshi-era\u201d investor.\u00a0 Despite this massive sale…<\/p>\n","protected":false},"author":1,"featured_media":6105,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,28,29,253,32,35,250,254,2954],"class_list":["post-6104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-blockchain","tag-btc","tag-btcusd","tag-crypto-market","tag-cryptocurrency","tag-whale"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=6104"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/6104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/6105"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=6104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=6104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=6104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}