Analysis: Satoshi-era whales selling BTC sparks widespread debate over Bitcoin's ideological direction

PANews reported on July 27 that according to CoinDesk, Galaxy Digital disclosed this weekend that it has facilitated a Bitcoin transaction worth $9 billion for an investor from the Satoshi Nakamoto era, totaling over 80,000 coins. The company stated that this is one of the largest nominal BTC transactions to date. Cryptocurrency analyst Scott Melker believes that the confidence of many early whale investors has been shaken and they are choosing to sell at current market prices, a comment that sparked intense debate among cryptocurrency industry influencers and traders. Some pointed out that selling Bitcoin does not necessarily mean investors have abandoned long-term holding of the asset, such as Adam Back, who is still accumulating BTC. However, as Bitcoin is increasingly absorbed by traditional financial markets through ETFs, corporate funds, and custody solutions, the crypto community is concerned that Bitcoin has deviated from its cypherpunk roots.