$BTC
Breaking News!
Galaxy Digital is crazily offloading Bitcoin,
34,000 coins transferred amid swirling currents!
The cryptocurrency world is once again stirred by a "storm"! On July 25, according to Arkham data, the amount of BTC held on-chain by Galaxy Digital has significantly shrunk, now down to only 13,504 coins, worth approximately $1.57 billion. Yet today, it has already transferred out nearly 34,000 BTC, worth up to $4 billion! This is simply a "fire sale" in the Bitcoin market.
Most of the BTC directly entered exchanges and was sold, but fortunately, the selling pressure has already been absorbed by the market. Meanwhile, Galaxy Digital has today withdrawn over 1.3 billion USDT from trading platforms; this series of actions resembles a meticulously planned "drama".
It's worth noting that on July 18, a whale that has held 80,000 Bitcoins since the Satoshi Nakamoto era transferred the last 40,192 BTC (worth approximately $4.83 billion) to Galaxy Digital. What kind of secrets lie behind this large-scale sell-off of the whale's "inheritance" by Galaxy Digital? Is it a strategic adjustment by Galaxy Digital, or do they have a different judgment about market trends? Will this wave of operations bring new shocks to the Bitcoin market? We will keep a close eye on it!
