The ancient giant whale transfers coins to Galaxy for the third time! Is it an institutional battle in the dark or a sign of a market shift?
Continuing from the previous text, that ancient giant whale holding over 80,000 BTC has made another move, transferring a total of 15,000 bitcoins to Galaxy Digital in three transactions within 48 hours! The first transfer was 9,000 coins, the second was 1,500 coins, and the third was directly 5,360 coins. Doesn't it seem like a market reaction test?
There are some considerations behind this:
First, as a compliant institution, Galaxy provides safer custody services, and the whale may be optimizing asset allocation;
Second, there may be undisclosed cooperation between institutions, such as staking, lending, or derivatives positioning;
Third, this could be a signal of joint control by institutions: after all, the current price is stuck at a key support level. Suddenly withdrawing 15,000 circulating coins is equivalent to "draining the market," which may change the short-term supply-demand relationship!
Another point is that the CME Bitcoin futures gap is still hovering around $38,000. If the whale continues to transfer chips and institutions enter the market to buy, could this gap become a springboard for a bullish counterattack?
Currently, the connection between the whales and institutions has begun to reveal itself, and Bitcoin may be brewing a directional choice. We retail investors need to keep a close eye on two signals: Galaxy's subsequent actions and whether the gap is quickly filled!