Nov 18, 2025
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Galaxy Digital Sells 2,800 BTC Amid Bitcoin Drop Below $90K
Bitcoin has fallen below the $90,000 mark for the first time since early spring, raising fears of a potential bear market as momentum weakens and sell pressure increases.
- Data indicates significant BTC selling by major institutional players, including Galaxy Digital, which is contributing to market fragility and accelerating the price drop.
- Galaxy Digital transferred 1,474 BTC to Coinbase Prime, suggesting preparation for further sales that coincided with Bitcoin's decline below $90,000.
- The selling activity from large entities like Galaxy Digital can intensify market fear, especially during volatile periods.
- Though negative in the short term, such selling phases may indicate a late-stage correction, potentially leading to market stabilization once large sellers finish their distributions.
BTC Price Analysis
- Bitcoin is trading around $90,400, directly on the 200 moving average, a historical support level during corrections.
- The rejection from the $110K–$115K zone prompted a downtrend, confirmed by a break below the 20-day and 50-day moving averages.
- Recent volume spikes suggest forced selling and liquidation moves in a fear-driven market, as large holders offload BTC.
- If buyers maintain this level, it might signal base formation. A breakdown below the 200 MA could lead to further declines toward the $82K–$85K support range.
