Galaxy Digital Transfers 10,000 BTC Causing Bitcoin Price Drop

Galaxy Digital transferred over 10,000 BTC, worth approximately $1.18 billion, to multiple exchanges, leading to a 3% drop in Bitcoin price, currently at $115K, down from its all-time high of $123K.

80,000 BTC Unloaded

A Satoshi-era whale liquidated 80,202 BTC acquired over 14 years ago.
The total value of the stash is nearly $10 billion, split across several transactions.
40,192 BTC was sent to Galaxy Digital shortly before the latest transaction.
Galaxy Digital has possibly sold the 10,000 BTC and withdrawn $370 million in USDT from major exchanges like Binance and OKX.

市场发生了什么？从上午开始，Galaxy Digital 场外平台，连续多次出现向币安、OKX 等多个交易所，大额转移 BTC 的情况。

— AB Kuai.Dong (@_FORAB) July 25, 2025

Crypto entrepreneur AB Kuai Dong indicated that further selling may occur but noted the market's resilience so far.

Novogratz: Bullish on Ethereum

Galaxy Digital CEO Michael Novogratz stated that Ethereum may outperform Bitcoin due to a supply crunch and rising institutional demand.
Ethereum is trading around $3,630, with potential to break above $4,000.
Companies like BitMine Immersion Technologies and Sharplink Gaming hold over 1.3 million ETH valued at over $5 billion collectively.

Top 10 Public Companies by $ETH Holdings

1. SharpLink Gaming – 360.8K
2. Bitmine Immersion – 300.6K
3. Coinbase – 137.3K
4. Bit Digital – 120.3K

Regarding Bitcoin, Novogratz suggested it could reach $150,000 this cycle.

BTC Price Outlook

PlanB predicts Bitcoin may remain overbought in the coming months based on historical RSI data.
Despite nearing all-time highs, PlanB claims Bitcoin is still undervalued by ten times.
There is significant speculation from retail traders and Wall Street on Bitcoin's future price.