Recently, the Bitcoin market has experienced an unexpected fluctuation. About ten days ago, a Large Investor who had held Bitcoin for 14 years transferred 40,000 Bitcoins to Galaxy Digital. This move triggered unease in the market, causing the price of Bitcoin to fall, briefly dropping below 116,000. However, Galaxy Digital did not immediately sell these Bitcoins, and the market decline was mainly due to a shake in investor confidence.

Today, the situation has taken a dramatic turn. Galaxy Digital has started to sell these Bitcoins in batches by transferring them to major exchanges. So far, 20,000 Bitcoins have been sold. This series of actions has caused the price of Bitcoin to fall below the short-term trend line, triggering a noticeable decline.

This event once again highlights the significant influence of large investors (commonly known as 'whales') on the cryptocurrency market. It not only tests the market's capacity to bear but also reflects the sensitivity of investor sentiment. Although Bitcoin has experienced multiple fluctuations of this kind, each large-scale dumping still triggers a sharp reaction in the market.

For ordinary investors, this situation reminds us to closely monitor market trends while maintaining a rational and long-term investment perspective. Although the short-term fluctuations of the market can be unsettling, they may also create opportunities for investors with strategic vision.

As this batch of Bitcoins gradually enters the market, the price of Bitcoin may face sustained pressure in the coming days. However, the resilience and vitality of the cryptocurrency market should not be underestimated. Market participants will closely monitor subsequent developments to assess the long-term impact of this 'Large Investors' action on the overall market landscape.