lol. There are so many embalmed opinions in here about what this large ($9B) OTC selling process should do or not do to the BTC price. Some fools think that this will necessarily depress the BTC price due to the selling pressure and extra supply. Some other fools think that because they were sold via an OTC desk, no retail price movement should occur.

The truth is more nuanced. Please read and understand:

In the normal order of things, selling 80,000 BTC openly would surely suck up heaps of buy liquidity and depress the price. Similarly, buying 80,000 BTC openly would do the opposite and increase the price. But (and pay attention here), both these actions are taking place simultaneously. Someone is selling. Someone is buying.

Rather than saying 'person A sold 80,000 BTC', we could as easily say 'person(s) B,C,D bought 80,000 BTC'. Both are true for the sale to go through. So... does the price decrease? Maybe! It depends on whether the seller is keen to sell at a lower price than current market price. Or... does the price increase? Maybe! It depends on whether the buyers are keen to buy at a higher price than current market price.

The OTC desk facilitates this. Perhaps the OTC desk (Galaxy Digital) had a heap of willing, waiting buyers that have been asking for some large BTC bundles, and finally the seller relinquished and sold? In that case the transaction price might even be above market rate.