For the first time since its inception, Bitcoin has crossed the $112,000 mark and established a new all-time high of $123,091, following a surge in prices. Notably, an OG BTC wallet with 80,009 Bitcoin has transferred 9,000 Bitcoin to Galaxy Digital.
The transfer of 9,000 Bitcoin (valued at $1.055 billion as of writing) is part of an over-the-counter deal, marking the first cashout from the Satoshi era wallet.
In an X post dated July 15, 2025, Spot On Chain first flagged this whale, writing that the whale just moved 8.5k BTC to Galaxy Digital 15 minutes ago, it is likely an OTC deal.
The whale just moved 8.5K $BTC (~$1B) to Galaxy Digital 15 minutes ago. It is likely an OTC deal.This is his first cash-out in 14.3 years.Wallet Link: https://t.co/7ZhXS8WXu8 https://t.co/UyEH6eMJxq pic.twitter.com/Mf3jfeQdUj
— Spot On Chain (@spotonchain) July 15, 2025
This cashout by OG Bitcoin holders is termed as the first cashout in 14.3 years. Spot On Chain observed a few transactions on July 04, and in an X post that day, it’s said, “ Over the past 12 hours, a total of 8 wallets jointly moved 80,000 BTC (~$8.68B) to new wallets after being dormant for 14.3 years.”
The post reads, “ Among these wallets, two received their BTC in early April 2011 when the price was $0.78, while the other six received in May 2011 at $3.37 per BTC. The total value then was just $217.8K.”
After years, now the value of these Bitcoins is around $8.68 billion, a whooping 39,800x return.
Another whale incident was also reported on July 04, 2025, that wallet ‘12tLs9c9RsALt4ockxa1hB4iTCTSmxj2me’ transferred 10,000 BTC to a new wallet ‘1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU’ after 14.3 years of dormancy.
The whale received its BTC on April 03, 2011, when Bitcoin was trading at $0.78, and Spot On Chain estimates a 140,058x return, marking it some of the most gained profits.
Galaxy Digital is now moving Bitcoins to exchanges
The wallet of Galaxy Digital, as identified by Arkham Intelligence, has begun transferring Bitcoins to various exchanges.
Source: Arkham Intelligence
On July 15, 2025, at 03:22:40 UTC, Galaxy Digital moved 296.62380891 BTC valued at $34.86 million, and the fees paid were 0.00000173 BTC.
In another transaction, Galaxy Digital has moved 210 BTC valued at $24.71 million, not only to Bybit it has also moved Bitcoins to the Binance Deposit.
The wallet of Galaxy Digital has 16.9k BTC in balance, 53.446k Ethereum, 17.324 million USDT, 123.731 CBBTC, 12.081 million USDC, and holds WBTC of $4.63 million value.
What does the crypto liquidation map say?
According to the data from CoinGlass, the total liquidation in the past 24 hours is $498.60 million, with longs dominating the charge with $389.40 million and shorts at $109.20 million.
Source: CoinGlass
The largest single liquidation order occurred on Hyperliquid, with a BTC-USD value of $3.15 million. In terms of exchanges, Bybit leads with a total liquidation of $171.73 million, comprising $139.22 million in long positions and $32.50 million in short positions.
Total liquidation over Binance in the past 24 hours is $155.27 million, with $118.03 million in long and $37.25 million in short; the short liquidation over Bybit is comparatively less than Binance’s short.
The highest liquidation in particular Bitcoin occurred on Bybit with a total liquidation of $81.65 million, including $62.77 million Bitcoin long and $18.88 million in short.
Source: CoinGlass
Total BTC liquidation on Binance was $34.36 million, Gate’s total Bitcoin liquidation is $19.98 million, with only $3.29 million in short.
A quick update on Bitcoin prices
According to the data from CoinMarketCap, Bitcoin is exchanging hands at $117,039 with an intraday decline of 4.34% and its market capitalization has reached $2.32 trillion with a loss of 4.36%.
However, in the same frame, the trading volume of Bitcoin reached $149 billion with a sudden surge of 44.88%. It is worth noting that Bitcoin has shown a strong upward momentum over the past month, climbing from $95,000 in mid June to local peak near $125,000 by mid July.
Source: TradingView
The most recent correction has brought the price down to around $116,800, where it’s currently testing a key support zone with a cluster of short to mid-term exponential moving averages.
This dip in BTC prices suggests potential profit taking after the sharp run-up, but the absence of high sell volume indicates a lack of panic in the market.
On the other hand, a clean breakdown below $115,000 may shift sentiment and open the door for deeper consolidation, while the near-term price action shows volatility, the monthly chart retains a bullish bias unless critical support zones are breached.
