Regarding that 80K btc ($9.4 bil) guy/gal (most likely guy) sell...
Remember, he/she/they bought at $0.675/btc in 2011.
Two years (or about) later, btc went to $1176, which is a 1742X return in just two years (174222% exactly).
The will power that was needed not to sell back then...big respect.
Later on, fluctuations were less violent, so I can see how this (hodl) developed.
When I look at my bank balance 🏛️ I'm poor 🥴😥 Because it says: $800
When I look at my crypto balance 📈 wow im so rich 🤑 because I own "****" BTC
sure, if you own four digits worth of bitcoin, you ARE rich, lol
Well he may had sold off:
address a at 1,200 in 2013 80,000x1200= 96,000,000
address b at 17,000 in 2017 80,000x17,000 =1,360,000,000
address c at 110,000 in 2021 80,000x110,000=around 8,800,000,000
Dude, there was no 110K in 2021 (max was about 69K), but I understand the point.
That said, there was never a 1700X in two years after 2011-2013.