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Galaxy Digital Transfers 17,123 BTC to Various Centralized Exchanges in 12 Hours, Influencing Market
Galaxy Digital has moved a substantial 17,123 BTC, valued at $1.98 billion, to various centralized exchanges within the last 12 hours.
Lookonchain reported on Friday that the digital asset company initially transferred over 10,000 Bitcoin to exchanges in the preceding 8 hours. This transaction follows Galaxy Digital receiving more than 80,000 Bitcoin from a Satoshi-era whale who had not accessed these funds for 14 years.
Note that #GalaxyDigital has deposited over 10,000 $BTC($1.18B) to exchanges in the past 8 hours!
The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC($9.68B).https://t.co/qaSj0NKwmD pic.twitter.com/09XEqB6VGg— Lookonchain (@lookonchain) July 25, 2025
In recent hours, Galaxy Digital has withdrawn 370M USDT from exchanges, including OKX, Binance, and Bybit, according to Lookonchain.
Suspected to be associated with the “14-year BTC fossil hand,” 14,273 $BTC were deposited in batches into various exchanges by Galaxy Digital over the last 12 hours, estimated at around $1.67 billion, as noted by one trader on X. Approximately 5,690 BTC was transferred in the last hour alone.
这下靴子不仅落地了，还暴扣在了头上
疑似归属于「持仓 BTC 14 年化石手」的 14273 枚 $BTC 在过去 12 小时内由 Galaxy Digital 分批充值进了各大交易所（约 16.7 亿美元），其中过去 1 小时就转移了 5690 BTC
两组数据显示，这次大概率是真的在抛售了
1⃣ 币安 BTC 现货交易 4 小时内成交了超 1… https://t.co/k86v0qALp7 pic.twitter.com/02e5sHDrfo— Ai 姨 (@ai_9684xtpa) July 25, 2025
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However, the latest information from Arkham indicates that the Bitcoin sell-off is still ongoing. An additional 2,850 BTC worth $330 million was deposited into major exchanges at the time of this writing. This brings the total BTC transfers to 17,123 in the past 12 hours, as reported by the trader on X.
Concerns Grow Over Bitcoin Sell-Off – What Should Investors Anticipate
Galaxy’s recent sell-off activity has impacted the Bitcoin price. BTC experienced a significant correction over the last 24 hours, declining by more than 2% to $115,600 after facing resistance at the $119,000 level.
The largest cryptocurrency is currently trading at $115,444, reflecting a 4.21% decrease since last week, according to data from CoinMarketCap.
The price decline has unsettled markets and raised new concerns regarding BTC’s ability to sustain its upward trajectory. Analysts suggest that this behavior points to short-term bearish sentiment.
If Galaxy Digital or its associated wallet maintains this rate, further downside could ensue. Market observers noted that a drop below $114,000 could lead to increased downward pressure.
The post Galaxy Digital Moves Massive 17,123 BTC to Multiple CEXs in 12 Hours, Impacts Market appeared first on Cryptonews.
