Bitcoin Price Faces Volatility After Historic $9.7 Billion Exit by Longtime Holder.

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Islamabad, Pakistan – Bitcoin (BTC) is facing sharp volatility after a historic $9.7 billion sell-off by a long-time holder. The anonymous whale, who acquired over 80,000 BTC during Bitcoin’s early days in 2011, reportedly liquidated the holdings through Galaxy Digital, a crypto investment firm. The large-scale disposal triggered a 4.21% price decline, sending Bitcoin to around $115,444 this week.

The coins were sold in batches through major exchanges, including Binance, Coinbase, and OKX. Galaxy Digital managed a transfer of over 17,123 BTC, estimated at $1.98 billion. Some speculation online suggests a security breach may have enabled a hacker to access the whale’s wallet, using Galaxy Digital to offload the assets. However, no confirmed reports support these claims.

Despite initial fears of a market crash, analysts believe the Bitcoin market is absorbing the selling pressure. Ki Young Ju, CEO of analytics firm CryptoQuant, stated that “old whales sell to new long-term whales,” reflecting a shift toward more institutional ownership.

This institutional presence is viewed as stabilizing. Meanwhile, Bitcoin’s technical charts show a falling wedge pattern, a typical bullish signal. Currently trading around $118,347, Bitcoin is testing resistance with projections aiming for a breakout to $125,000, above its former all-time high of $123,000.

Volume patterns back this setup, with reduced trading activity during wedge formation and a potential spike expected during breakout. Alongside technical signals, institutional interest remains high. BlackRock and MicroStrategy have added 1,204 and 4,225 BT, C, respectively, indicating continued long-term confidence.

Bitcoin’s market dominance has slipped from 65.95% to 61.25%, suggesting investors are diversifying into alternative cryptocurrencies. This broadens the crypto landscape while Bitcoin remains the sector’s anchor.

In parallel, BTC Hyper’s $HYPER token presale is nearing its conclusion. The token, launching on Solana Virtual Machine infrastructure, promises Layer-2 solutions addressing Bitcoin’s transaction limitations. Investors can access staking, NFTs, DeFi, and gaming features while maintaining Bitcoin linkage.

With DAO governance and exchange listings approaching, $HYPER aims to bridge Bitcoin’s use case with broader blockchain applications. Its development comes as institutions push for innovations that strengthen Bitcoin’s ecosystem.

Bitcoin’s recent turbulence, triggered by the whale exit and offset by institutional accumulation, points to a maturing market in transition. As technical and investor signals align, Bitcoin could recover momentum in the coming months.