The mysterious whale may be looking to cash out the transferred Bitcoin.
A Satoshi-era Bitcoin whale has reawakened after 14 years of dormancy, potentially looking to sell more than $4 billion worth of BTC.
The major cryptocurrency holder has 80,000 Bitcoin (BTC) in their stash. The whale transferred 40,010 BTC worth over $4.6 billion on Monday, of which 28,600 BTC were subsequently transferred to Galaxy Digital, data from blockchain intelligence platform Nansen shows.
On Tuesday, a remaining 10,200 BTC worth $1.2 billion was transferred to Galaxy Digital, bringing the total value moved in the past two days to $4.6 billion at the time of writing.
