Internet reports that a giant whale investor in the "Satoshi Era" recently completed an over-the-counter bitcoin transaction through Galaxy, transferring more than 80,000 BTC (worth more than US$9 billion), raising the active supply proportion of bitcoin within a year to 37%, which is in line with Ethereum, indicating that the supply dynamics of the two major crypto assets are converging. Despite the astonishing size of the transaction, Bitcoin prices remained stable at approximately $118,000, reflecting the market's significant increase in resilience to institutional selling pressure. The industry believes that OTC platforms such as Galaxy are becoming key channels for whale trading to avoid disrupting the spot market. This incident also attracted market attention to the true activity of "dormant bitcoin". It is currently estimated that 2.3 million to 3.7 million BTC pieces have been lost or permanently, accounting for more than 10% of the total. But the transaction shows that some bitcoins considered "lost" may have just been held for a long time.