Galaxy moves another $1.1B to Exchanges

A long-dormant Bitcoin whale from the Satoshi era has transferred more than $1.1 billion worth of Bitcoin to centralized exchanges in recent hours, raising concerns of a possible market correction during a typically low-liquidity weekend.

After holding their stash since 2011, the Satoshi-era whale, or large cryptocurrency investor, first transferred 40,000 Bitcoin (BTC) worth over $4.6 billion on July 15, followed by a second transaction of 40,000 BTC on July 18 to Galaxy Digital, Cointelegraph previously reported.

According to blockchain intelligence…