In the ever-evolving world of cryptocurrency, significant events can shake the market dynamics overnight. Just recently, Galaxy Digital made headlines by transferring an astonishing 17,123 BTC, valued at nearly $1.98 billion, to several centralized exchanges within a mere 12-hour span. This massive movement of Bitcoin sparks intrigue, raising questions about the market’s future and the motivations behind such colossal transactions.
What triggered this whirlwind of activity? According to reports from Lookonchain, Galaxy Digital initially dispatched over 10,000 BTC to exchanges within the first eight hours. This move followed the firm’s acquisition of over 80,000 BTC from a long-dormant wallet, one that had been inactive for 14 years. The community is buzzing with excitement as the implications of these transfers unfold.
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
This activity didn’t stop there. In a staggering follow-up, Galaxy Digital proceeded to withdraw $370 million in USDT from significant exchanges like OKX, Binance, and Bybit. Traders suspect that a portion of the recent Bitcoin transfers can be linked to what has been dubbed the “14-year BTC fossil hand.” Over the course of this transaction period, 14,273 BTC—worth approximately $1.67 billion—were deposited in batches across various platforms. Notably, 5,690 BTC were moved in just the last hour, underscoring the rapid pace of these crypto movements.
这下靴子不仅落地了，还暴扣在了头上👢 疑似归属于「持仓 BTC 14 年化石手」的 14273 枚 $BTC 在过去 12 小时内由 Galaxy Digital 分批充值进了各大交易所（约 16.7 亿美元），其中过去 1 小时就转移了 5690 BTC 两组数据显示，这次大概率是真的在抛售了 1️⃣ 币安 BTC 现货交易 4 小时内成交了超 1… https://t.co/k86v0qALp7 pic.twitter.com/02e5sHDrfo— Ai 姨 (@ai_9684xtpa) July 25, 2025
As the dust settles, market analysts from Arkham have noted that the Bitcoin sell-off trend is still very much alive. A further 2,850 BTC, valued at around $330 million, was deposited into major exchanges at the time of this writing. With total transfers hitting 17,123 BTC in just 12 hours, one trader on X remarked on the broader implications of this ongoing strategy.
What does this mean for Bitcoin’s price? Following Galaxy Digital’s sell-off, Bitcoin experienced a sharp decline, dropping over 2% within 24 hours, hitting just above $115,600 after facing resistance at the $119,000 threshold. At the moment, BTC is hovering around $115,444, marking a 4.21% decrease from the previous week, according to CoinMarketCap data. Such correction has caused concern among investors, igniting fresh doubts about Bitcoin’s ability to sustain its recent upward trajectory.
Meanwhile, market sentiment is turning cautiously bearish. Analysts are closely monitoring Galaxy Digital’s activity, as continued large-scale selling could bring additional downward pressure on Bitcoin. A notable threshold exists at $114,000; breaking below this level could incite even more selling panic.
As developments unfold, the cryptocurrency market remains on edge, balancing between the waves of sudden sell-offs and the potential for future gains. The actions of significant players like Galaxy Digital highlight the volatile nature of this space and the importance of staying informed. Could this be the beginning of a significant shift in market trends, or merely a blip on the radar? Only time will tell, but one thing is clear: the world of Bitcoin is more dynamic than ever.
What are your thoughts on Galaxy Digital’s recent strategy? Do you think we’ll see a rebound soon, or are we in for more turbulent times ahead? Engage with us in the comments below or share your insights with your cryptocurrency community!