Yeliz Akmaca 
Digital asset management company Galaxy Digital is at the center of a new wave of activity in the cryptocurrency markets. According to Arkham Intelligence data, the company transferred approximately 3,782 Bitcoin (BTC) worth around $447 million to crypto exchanges within the last 12 hours. This development sparked speculation about a new selling wave in the market.
This transfer came shortly after Galaxy Digital executed a Bitcoin sale exceeding 80,000 BTC last week. The massive sale drew attention as it involved a wallet dormant for about 14 years, dating back to the Satoshi era. Industry analysts consider this one of the largest Bitcoin liquidations in history. After the sale, Galaxy Digital’s wallet reportedly held about 8,400 BTC.
Is #GalaxyDigital helping clients sell $BTC again?
In the past 12 hours, GalaxyDigital has transferred out another 3,782 $BTC($447M), most of which went to exchanges.https://t.co/lD8tgkBx00https://t.co/u8s0VjLG5p pic.twitter.com/4wqf8DZx2y
— Lookonchain (@lookonchain) July 29, 2025
Galaxy Digital’s BTC moves shake the market
The transfers were directed to major exchanges such as Binance, Bybit, OKX, and Bitstamp, which was interpreted as a move for institutional liquidity provision or portfolio rebalancing. Galaxy Digital has not yet issued an official statement regarding these new transfers.
Between July 21 and 27, Galaxy Digital carried out one of the biggest Bitcoin sales in crypto history. The company sold more than 80,000 BTC, held from the very beginning by a client from the Satoshi era, for approximately $9 billion. This historic sale caused Bitcoin’s price to temporarily drop below $115,000.
These high-volume transactions by Galaxy Digital caused fluctuations in the crypto market. Bitcoin briefly dropped to $115,000 after the sales but recovered and rose above $119,000 once the selling pressure eased.
However, on-chain data indicates that activity continues, highlighting the impact of institutional players’ strategic moves in the market. This move, possibly part of liquidity provision, portfolio rebalancing, or a new sales plan, is being closely monitored by investors.
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