A Bitcoin whale holding 80,000 BTC (~9.7 billion USD) since 2011 has just transferred over 10,000 BTC (~1.1 billion USD) to exchanges through Galaxy Digital, according to Lookonchain. Despite concerns, analysts believe the market can absorb this supply without causing price shocks.
🔍 Highlights:
Total BTC transferred: 68,000 BTC
BTC left to sell: ~12,000 BTC (~1.38 billion USD)
Exchanges receiving BTC: Binance, Coinbase, OKX, Bybit, Bitstamp
Galaxy Digital acts as an intermediary, suggesting OTC and institutional sales.
📊 Market analysis:
Although trading is happening amidst a weekend liquidity shortage, experts like EmberCN and Bitfinex believe that selling pressure will not lead to strong corrections.
CryptoQuant's assessment: This time, BTC from old whales is being transferred to institutional whales, not retail investors — indicating a change in the structure of cash flow.
📈 Outlook:
Current BTC price: 116,493 USD
Market sentiment is polarized: short-term concerns but long-term optimism.
Institutions like Tether, Strategy, and Metaplanet are said to be actively accumulating, potentially shortening Bitcoin's traditional growth cycle.
📌 This is not just a profit-taking move — but a sign of the next wave of institutions.