$BTC Galaxy Digital (@galaxyhq) has indeed confirmed brokering the sale of over 80,000 $BTC, valued at approximately $9 billion, for a Satoshi-era investor, marking one of the largest Bitcoin transactions in crypto history, as reported on July 26, 2025.

The deal, part of the investor’s estate planning strategy, involved transferring 80,201 BTC from wallets dormant since 2011, with the final 40,192 $BTC ($4.77 billion) moved to Galaxy Digital on July 18

Yesterday, Galaxy deposited over 30,000 $BTC—worth more than $3.5 billion—across multiple centralized exchanges (CEX) like Binance, Bybit, Bitstamp, Coinbase, and OKX, contributing to a Bitcoin price drop of over 3.5%, slipping from around $119,000 to the $115,000 range, per Cointelegraph and BeInCrypto.

This massive sell-off, executed via a mix of over-the-counter (OTC) and secondary market sales, sparked market jitters, with Bitcoin dominance dipping from 64% to 60%, hinting at potential capital rotation to altcoins.

Despite the short-term pressure, analysts like Jason Williams and Joe Consorti argue the market absorbed the sale well, with Bitcoin rebounding to above $117,300, suggesting resilience due to strong ETF inflows and institutional demand.

However, some X posts speculate further sales could loom, with about 12,000 $BTC ($1.38 billion) potentially still to be offloaded, though market liquidity should cushion the impact.

What do you think—will Galaxy’s remaining sales trigger another dip, or is Bitcoin’s bullish momentum strong enough to shrug it off?