Galaxy Just Dropped $9B in Bitcoin… For a Will?! 👀 Bitcoin
koinmilyoner
Updated at: 6 hours ago
{"content":"Galaxy Just Dropped $9B in Bitcoin… For a Will?! 👀
Bitcoin has been volatile since Galaxy Digital sold 80,000 BTC for a long-term customer. The firm's July 25 news release said that one of the biggest notional Bitcoin sales in history was completed, shaking the market. News traveled swiftly in crypto, sparking speculation and price swings.
Bitcoin recently reached $123,000, but the news sparked significant selling and created suspicions that this was a temporary high. As the price came down, short-term investors lost money, and experts disputed whether this record exodus indicated distribution at the peak or a healthy stop in a longer bull run.
Galaxy's participation in the move becomes obvious, revealing deeper consequences. Many market players question whether more legacy holders would depart and how this will affect Bitcoin's future. With volatility rising and investor mood unsettled, all eyes are on how the market handles this $9 billion sell-off and if support levels will hold in the next days.
Galaxy Digital verified the completion of one of the biggest notional Bitcoin transactions ever. The business sold over 80,000 BTC, worth over $9 billion at market rates, for a Satoshi-era investor.
Due to the number of Bitcoin involved and investor identification conjecture, the disclosure has shook the market.
Some experts believe this selling is part of a healthy cycle in which early investors profit after years of holding through numerous market cycles. They think the market has liquidity and institutional interest to absorb such a sell without long-term harm. Others see the timing and quantity of the sell as a warning indication that Bitcoin may have achieved a local peak around $123K.
Critical Retest for BTC After Breakdown Below Support
Bitcoin is at $117,407 after temporarily falling below the chart's $115,724 support zone. Starting in early July, resistance at $122,077.61 has defined the range's bottom border.
#BTC #GalaxyDigital #BTCvsETH $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/27/014ee3bd59db436bbbb2f53ccddf6c83.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}