Key Takeaways
Galaxy Digital moved 3,782 BTC, worth $447 million, to exchanges within 12 hours.
The transfers have raised concerns of potential selling pressure and heightened market volatility.
Share this article
Galaxy Digital sent 3,782 Bitcoin (BTC) worth around $447 million to crypto exchanges over the past 12 hours, according to Arkham Intelligence data, igniting fresh speculation about a major sell-off.
Is #GalaxyDigital helping clients sell $BTC again?
In the past 12 hours, GalaxyDigital has transferred out another 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 transfer follows Galaxy Digital’s sale of over 80,000 BTC last week, the largest known Bitcoin liquidation, for a Satoshi-era investor who reactivated his wallet after 14 years of dormancy.
Bitcoin briefly plunged to $115,000 following Galaxy’s earlier BTC move but rebounded above $119,000 once the selling pressure eased. At press time, it was trading at $117,834, down 1.5% over the past 24 hours, according to CoinGecko.
Share this article
