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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The post Galaxy Digital Sold 80,000 BTC, Now Holds 3,782 BTC!  appeared first on Coin Engineer.

Galaxy Digital Unleashes a $2.35 Billion Bitcoin Sell-Off

Galaxy Digital has transferred a staggering 30,000 BTC, valued at roughly $3.5 billion. Out of this total, around two-thirds (20,000 BTC) — worth approximately $2.35 billion — have been directly sent to various crypto exchanges for liquidation.

The remaining 9,000 BTC, worth about $1.1 billion, remain untouched in the firm’s wallets. However, this doesn’t mean the sell pressure is over. In fact, the most recent on-chain movement shows 965 BTC being transferred to Binance, raising further concerns about continued market dumping.

What Impact Did Galaxy’s Move Have on Bitcoin?

The immediate effect of the sell-off was a sharp downturn in market sentiment. In the past 24 hours alone, approximately $515 million has been wiped out of the crypto market, with $363 million in long positions liquidated. The volatility has reminded traders of just how fragile sentiment can be during high-volume sell events.

Bitcoin dropped to as low as $116,281, marking a notable retracement amid the sell pressure. Key performance metrics stand as follows:

• 24-hour change: -2.13%

• 7-day change: -2.16%

Key Technical Levels for Bitcoin

• Resistance: $116,373

• Support: $112,500

With Bitcoin now stuck between these critical levels, short-term traders should be highly alert. A break below support could open the door for deeper corrections, while a rebound above resistance might restore some bullish momentum.

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The post Galaxy Digital’s Massive Bitcoin Sale: Market-Shaking Move appeared first on Coin Engineer.