$BTC
Shocking news!
Galaxy Digital is frantically selling off Bitcoin,
There is an undercurrent behind the transfer of 34,000 Bitcoins!
The cryptocurrency circle has set off another "storm"! On July 25, according to Arkham data, the number of BTC held by Galaxy Digital on the chain has shrunk significantly, and now there are only 13,504 Bitcoins, worth about $1.57 billion. And just today, it has transferred out nearly 34,000 BTC in total, worth up to $4 billion! This is simply a "big sale" in the Bitcoin market.
Most of the BTC went directly to the trading platform and was sold, but fortunately the selling pressure has been digested by the market. But at the same time, Galaxy Digital withdrew more than 1.3 billion USDT from the trading platform today. This series of operations is like a carefully planned "drama".
You know, on July 18, a whale who has held 80,000 Bitcoins since the Satoshi era transferred the last 40,192 BTC (worth about $4.83 billion) to Galaxy Digital. The "legacy" of this giant whale is now being sold off on such a large scale by Galaxy Digital. What secrets are hidden behind it? Is it a strategic adjustment by Galaxy Digital, or a different judgment on the market trend? Will this wave of operations bring new impacts to the Bitcoin market? Let's keep watching!
#GalaxyDigitalSelling Bitcoin #BTC