According to Arkham, Galaxy Digital transferred nearly 30,000 BTC (worth about 3.5 billion USD) to the exchange on Friday, which is related to a dormant whale wallet.

The Block previously reported that Galaxy received 40,010 BTC from this whale on July 15, followed by another 40,191 BTC on July 18.

So far, about 61,697 BTC have been deposited into the exchange, possibly for sale.