Bitcoin Roars Back as Galaxy Dumps $9B Satoshi-Era Whale Stash—Market Shrugs and Bulls Charge

Bitcoin just pulled off its best Lazarus impression—bouncing hard after Galaxy Capital unloaded a $9 billion mountain of Satoshi-era coins.

The whale dump that wasn’t: Markets yawned at the sell-off, then sent BTC prices climbing. Guess hodlers still believe in ‘number go up’ theology.

Wall Street analysts (the ones who called Bitcoin ‘rat poison’ at $300) are now scrambling to explain why this wasn’t supposed to happen. Meanwhile, crypto OGs are too busy counting their stacks to care.

Pro tip: When a single entity can move $9B in BTC and the network doesn’t blink, maybe—just maybe—the ‘too volatile’ argument is getting old.

Closing thought: Nothing proves Bitcoin’s resilience like watching it eat a $9B sell order for breakfast. The suits still don’t get it—which is exactly why we’re early.

"Once completed (either today or over the weekend) I expect that we will complete wave iii by rallying to circa $132,000," Glover said in a market note.