Between July 14 and July 20, 2025, a series of large Bitcoin (BTC) transfers totaling tens of thousands of BTC, valued at over $7 billion, were made primarily from unknown wallets to Galaxy Digital. Notable transfers include multiple transactions of 4,000 to 4,500 BTC each, with values exceeding $500 million per transfer. On July 17 alone, Galaxy Digital received several large transfers ranging from approximately 2,950 BTC to 4,500 BTC, cumulatively amounting to billions of dollars. Following these inflows, Galaxy Digital also moved substantial amounts of BTC, ranging from 450 to 600 BTC, to unknown new wallets on July 15 and July 17, indicating active redistribution. The movements highlight significant Bitcoin liquidity activity involving Galaxy Digital within this period.
The catalyst for this $BTC selloff appears to be Galaxy Digital dumping large amounts of bitcoin, with $2B+ sent to centralized exchanges over the past 8 hours. They are still sending batches of $10M-$50M of $BTC at a time right now. https://t.co/LcTEhgLD7u
WHALE WATCH: GALAXY DIGITAL DUMPS 10,000 $BTC ($1.18B) WITHDRAWS $370M USDT FROM OKX, BINANCE & BYBIT IN LAST 3 HOURS, BTC DOWN 3% OVER PAST 8 HOURS Source: @lookonchain https://t.co/NNWsgw0mkx https://t.co/Cp2lquP7xg
๐จDID GALAXY JUST DUMP 10K BTC? Galaxy Digital may have already offloaded $1.18B worth of #Bitcoin โ and theyโve pulled $370M USDT from OKX, Binance, and Bybit in just 3 hours. Bitcoinโs down 3%โฆ is this the reason? ๐ค https://t.co/Xs4iaAQS54