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Galaxy Digital moved more than 10,000 Bitcoin, valued at approximately $1.2 billion, to crypto exchanges over the last 8 hours, according to on-chain data tracked by Lookonchain.
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The transfer comes after Galaxy Digital received over 80,000 Bitcoin from a Satoshi-era whale who had not accessed the funds for 14 years.
The dormant Bitcoin addresses were reactivated earlier this month, initiating the movement of all coins during a period when Bitcoin reached new all-time highs above $122,000.
Bitcoin’s price declined from above $119,000 to below $116,000 late Thursday, CoinGecko data shows.
The digital asset is currently trading at around $115,800, representing a 2% decrease over the past 24 hours.
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