• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
Galaxy Digital Unloads 22,700 Bitcoin To Exchanges As Selling Accelerates

Galaxy Digital Unloads 22,700 Bitcoin To Exchanges As Selling Accelerates

Sebastian Villafuerte
by Sebastian Villafuerte
1 month ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is undergoing a notable pullback, recently touching the $115,000 level after failing to break above its all-time high at $123,000. The correction, now nearing 6%, is starting to weigh on short-term investors who entered during the recent rally. Market sentiment shows signs of unease as volatility returns to the spotlight.

Related Reading: US Government Bitcoin Reserves Still Intact: 198,000 BTC Remain Untouched

Adding to the pressure, top analyst Darkfost revealed that the Galaxy Digital-linked wallet address bc1q0phe…—associated with the so-called 80K BTC whale—has significantly ramped up its selling activity. This wallet, which recently received nearly 40,000 BTC, began offloading large amounts over the past few hours.

This sudden increase in supply comes at a time when market participants were looking for continuation above the range. However, despite short-term turbulence, Bitcoin’s larger uptrend remains intact, supported by long-term holders and institutional demand.

Whale Activity Intensifies: Galaxy Digital Unleashes $2.6B in Bitcoin Sales

According to on-chain analyst Darkfost, Galaxy Digital has sharply escalated its Bitcoin selling activity. While minor movements were observed over the past several days, today marks a significant turning point. More than 22,700 BTC—equivalent to roughly $2.6 billion—have now entered the market. These funds were distributed across top exchanges, including Binance, Bitstamp, Coinbase Prime, OKX, and Bybit, as well as several unidentified wallet addresses. This aggressive distribution signals a wave of liquidity entering the system, just as Bitcoin faces increased volatility.

Galaxy Digital remaining Bitcoin holdings | Source: Darkfost on X
Galaxy Digital’s remaining Bitcoin holdings | Source: Darkfost on X

The activity originates from the address bc1q0phe…, linked to Galaxy Digital and previously identified as holding over 40,000 BTC from prior accumulation phases. Despite today’s massive transactions, the wallet still retains 10,000 BTC, or around $1.1 billion in unrealized value. This remaining supply presents a lingering risk of continued selling pressure, especially if market sentiment deteriorates or key support levels break.

With Bitcoin now consolidating near the $115,000 level and short-term investors under pressure, the next few trading sessions will be critical. Analysts expect heightened volatility, rapid price swings, and potential capitulation events if the remaining BTC from Galaxy Digital enters the market. On the flip side, sustained demand from institutional buyers and long-term holders may provide strong support and absorb selling pressure.

Related Reading: Trump’s WLFI Ethereum Bet Grows: Wallet Now Holds $281M In ETH

BTC Tests Support Amid Volatility Spike

The 8-hour chart shows Bitcoin pulling back from its recent all-time high at $123,000, now consolidating around $116,400 after a brief dip to $115,000. This correction places BTC just below the 50-period moving average (blue line at $117,260), suggesting that short-term momentum is softening. However, the price remains well above both the 100-period and 200-period moving averages, which are currently holding at $112,202 and $109,316, respectively—indicating that the broader uptrend remains intact.

BTC consolidates after minor pullback | Source: BTCUSDT chart on TradingView
BTC consolidates after minor pullback | Source: BTCUSDT chart on TradingView

Volume has notably increased during the recent dip, hinting at strong market participation as Bitcoin tests support. The yellow line at $115,724 marks a key horizontal level, which coincides with the lower boundary of the tight range BTC has respected for nearly two weeks. A clear breakdown below this zone would expose downside risk toward the $112,000 area, but so far, the support is holding.

Related Reading: Binance Unrealized Profits Hit A Record 60,000 Bitcoin Despite Falling Reserves

The chart reflects growing volatility and indecision, but no clear breakdown yet. For bulls, reclaiming the $117,260 level is crucial to regain momentum and challenge the $122,077 resistance again. Until then, the market may remain in a consolidation phase, digesting recent gains amid heavy whale activity and broader macroeconomic uncertainty. The coming sessions will likely define the next leg.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Sebastian Villafuerte

Sebastian Villafuerte

Follow

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies. As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community. To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology. Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance. Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Full Profile

Related Posts

Bitcoin

Bitcoin Treasury Firm Supported By Winklevoss Twins Announces Upcoming IPO

10 hours ago
Bitcoin Reserve news US Japan

No US Bitcoin Reserve Without Japan, Bitwise Exec Argues

16 hours ago
Dormant Bitcoin Supply Awakens: Swapping BTC For ETH On Hyperliquid

Dormant Bitcoin Supply Awakens: Swapping BTC For ETH On Hyperliquid

1 day ago
Bitcoin Derivative Pressure Score Hits 30%: Downside Risk Signal

Bitcoin Derivative Pressure Score Hits 30%: Downside Risk Signal

1 day ago
Bitcoin

Bitcoin Whale Dumps $4 Billion In BTC, Here’s What They Bought

1 day ago
cours-or-nouveau-record-chute-btc

Record de l’or et chute du Bitcoin : que se passe-t-il ?

2 days ago

Premium Sponsors

Press Releases

  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    1 hour ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    3 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    4 hours ago
  • MemeCore...

    10 hours ago
  • XRP is expected to break through $7. APT Miner helps...

    17 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.