Bitcoin prices saw a sudden decline in the past 24 hours, and in the same time frame, it traded lowest at $114,759, yet when writing, it noted a slow recovery and is exchanging hands at $116,417 with still a loss of 1.53%. With this decline the more than half a billion in long positions were liquidated as BTC failed to control the sudden decline in prices.
According to the most recent post from Lookonchain, AguilaTrades has now closed a Bitcoin long, flipped to long Ethereum with 25x leverage. The post dated July 25, 2025, by Lookonchain also notes that AguilaTrades was liquidated again for 720 Bitcoins, from being down $35 million+, then clawing back to a $3 million profit, he’s now back even deeper in the red with $36M+ in losses.
AguilaTrades(@AguilaTrades) was liquidated again for 720 $BTC($83.3M).From being down $35M+, then clawing back to a $3M profit, he's now back even deeper in the red with $36M+ in losses.https://t.co/LeSb2QO0PX pic.twitter.com/Fln4TYdQt4
— Lookonchain (@lookonchain) July 25, 2025
What else happened in the market in the past 24 hours?
According to data from CoinGlass, total liquidation in Bitcoin in the past 24 hours is $159.12 million, including $140.66 million long and $18.48 million short. In the same time frame, 140,355 traders were liquidated; the total liquidation came in at $532.33 million.
Source: CoinGlass
It is worth noting that the largest liquidation intraday occurred on OKX-BTC-USDT- SWAP value of $17.35 million. In terms of liquidation on crypto exchange, Bybit stands at the top with total BTC liquidation of $47.47 million, including $5.09 million in BTC long and $18.56 million in short.
The total Bitcoin liquidation on OKX was quite close to the BTC liquidation on Bybit. Long Bitcoin liquidation on OKX is $40.21 million, and BTC short liquidation in the past 24 hours is $2.96 million.
Lookonchain wrote in another X post dated July 25, 2025, Galaxy Digital has transferred nearly 30,000 Bitcoin out today, most of which went directly to exchanges and were sold. When writing, Galaxy Digital’s address holds 13.504k Bitcoin valued at $1.57 billion.
Note that #GalaxyDigital has deposited over 10,000 $BTC($1.18B) to exchanges in the past 8 hours!The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC($9.68B).https://t.co/qaSj0NKwmD pic.twitter.com/09XEqB6VGg
— Lookonchain (@lookonchain) July 25, 2025
Source: Arkham
Today, Lookonchain quoted its X post dated July 18, 2025, which says that, “The Bitcoin OG with 80,009 $BTC($9.46B) transferred the remaining 40,192 $BTC($4.77B) to GalaxyDigital in the past 3 hours.”
The Bitcoin OG with 80,009 $BTC($9.46B) transferred the remaining 40,192 $BTC($4.77B) to #GalaxyDigital in the past 3 hours.https://t.co/wU54scRJn8 pic.twitter.com/irBREdBiCK
— Lookonchain (@lookonchain) July 18, 2025
The transfer of 80,000 Bitcoin by a Satoshi era wallet in two different transactions to Galaxy Digital has directed Galaxy to offload some of the Bitcoin to different crypto exchanges.
A quick overview of Bitcoin prices
In the past five days, Bitcoin has shown notable volatility, trading between $112,000 and $120,000. BTC/USD indicates a sharp drop followed by a mild recovery, with current resistance around $116,673.43 and support near $116,105.73.
In the same frame, BTC’s market cap chart mirrors the price action, dropping below $2.38 trillion to a low near $2.27 trillion before rebounding to $2.32 trillion. This synchronized movement highlights Bitcoin’s dominant influence over the market sentiment, signaling cautious optimism after a sharp correction.
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