In a startling move that sent ripples through the cryptocurrency markets, Galaxy Digital has been busy transferring a staggering 17,123 Bitcoin (BTC), translating to nearly $1.98 billion, to various centralized exchanges in just a 12-hour window. This whirlwind of activity was brought to light by Lookonchain, which revealed that in the initial eight hours alone, over 10,000 BTC was dispatched to exchanges. The timing of these transactions is particularly notable as they follow the sudden windfall of over 80,000 BTC from a dormant Satoshi-era whale who hadn’t interacted with their holdings for an astonishing 14 years.
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
As the hours progressed, the activity intensified. Galaxy Digital reportedly withdrew $370 million in USDT from notable exchanges including OKX, Binance, and Bybit. In a curious twist, a total of 14,273 BTC — valued at approximately $1.67 billion — was methodically deposited in various batches across exchanges, a move that traders are attributing to the aforementioned “14-year BTC fossil hand.” This session witnessed a particularly busy last hour, with about 5,690 BTC changing hands.
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
Despite the surge in transactions, the sentiment surrounding Bitcoin remains fragile. According to recent insights from Arkham, the sell-off is far from over, with an additional 2,850 BTC — worth approximately $330 million — being funneled into prominent exchanges at the time of reporting. This brings the total BTC movement in the past 12 hours to 17,123, a figure that is raising eyebrows and concerns across the trading community.
For investors, the implications are significant. As Galaxy Digital’s sell-off continues, Bitcoin’s price has been under pressure, reflecting a sharp correction in the market. Within the last 24 hours, Bitcoin plummeted over 2%, suffering a rejection at the $119,000 resistance level and settling around $115,600. Current data from CoinMarketCap shows Bitcoin trading at $115,444, marking a 4.21% decline from the previous week.
📌 **Why This Matters**
The magnitude of Galaxy Digital’s transactions is alarming, suggesting a potential shift in Bitcoin’s market dynamics. The market is now grappling with renewed questions about the durability of Bitcoin’s upward trend. Analysts are interpreting these movements as indicators of short-term bearish sentiment.
🔥 **Expert Opinions**
Financial experts are cautioning that if this sell-off trend persists, we could witness a substantial decline. Market analysts are especially alert to a critical support level around $114,000; a breach here could instigate further downward pressure on the cryptocurrency. What does this mean for casual investors and crypto enthusiasts? It’s a wake-up call to stay vigilant and reassess their positions.
🚀 **Future Outlook**
Looking ahead, the trajectory of Bitcoin remains uncertain. If Galaxy Digital or any associated wallets continue at this aggressive pace, further corrections could very well follow. The crypto space thrives on volatility, and the actions of large players like Galaxy Digital can shape trends and trigger significant movements in market sentiment.
As we continue to monitor this developing situation, one thing remains clear: the world of cryptocurrency is as unpredictable as ever. Investors should proceed with caution and consider the broader implications of such large-scale transactions. Will Bitcoin bounce back, or is this a sign of deeper turbulence ahead? Only time will tell.