Galaxy Digital strikes $447M in Bitcoin to exchanges, sparking sell-off hypothesis

Key Takeaways

Galaxy Digital moved 3,782 BTC, value $447 million, to exchanges inside 12 hours.
The transfers have raised issues of potential promoting strain and heightened market volatility.

Galaxy Digital despatched 3,782 Bitcoin (BTC) value round $447 million to crypto exchanges over the previous 12 hours, in keeping with Arkham Intelligence information, igniting recent hypothesis a couple of main sell-off.

Is #GalaxyDigital serving to purchasers 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 recognized 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 strain eased. At press time, it was buying and selling at $117,834, down 1.5% over the previous 24 hours, in keeping with CoinGecko.