In mid-July, 80,000 BTC were moved and sold in stages. The coins had been inactive since 2011. The sale was part of an estate plan, carried out carefully and without sudden entry to public markets.

Price Behavior

The price of bitcoin briefly dropped by less than 1%, touching $115K, but rebounded within hours to the $117K–119K range. This minimal impact reflects growing market efficiency and buyer depth.

Why the Market Stayed Calm

The execution was well coordinated: BTC was distributed via OTC and across several major exchanges. No flash crash occurred. The success of the approach shows that the crypto market can now handle large transactions without instability.

Implications

This sale marks a milestone in how far the crypto market has come. It confirms that high-volume deals can be handled professionally, reinforcing bitcoin’s status as a liquid, institution-ready asset.

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