Galaxy Digital strikes $447M in Bitcoin to exchanges, sparking sell-off hypothesis
Key Takeaways
- Galaxy Digital moved 3,782 BTC, price $447 million, to exchanges inside 12 hours.
- The transfers have raised considerations of potential promoting stress and heightened market volatility.
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Galaxy Digital despatched 3,782 Bitcoin (BTC) price round $447 million to crypto exchanges over the previous 12 hours, in line with Arkham Intelligence knowledge, igniting contemporary hypothesis a couple of main sell-off.
Is #GalaxyDigital serving to shoppers promote $BTC once more?
Prior to now 12 hours, GalaxyDigital has transferred out one other 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
The switch follows Galaxy Digital’s sale of over 80,000 BTC final week, the most important identified Bitcoin liquidation, for a Satoshi-era investor who reactivated his pockets after 14 years of dormancy.
Bitcoin briefly plunged to $115,000 following Galaxy’s earlier BTC transfer however rebounded above $119,000 as soon as the promoting stress eased. At press time, it was buying and selling at $117,834, down 1.5% over the previous 24 hours, in line with CoinGecko.
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