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Summer melting in Bitcoin suddenly stopped. The standard cryptocurrency fell from the peak during the day above 119,000 dollars late Thursday to trading up to $ 115,800 in European morning hours, and weakened printing in two weeks. The 2.7 points of an unambiguous signal: Galaxy Digital quietly paid more than 10,000 BTC-about $ 1.18 billion at the time-in a major exchange in less than eight hours, according to Lookonchain’s follower.
Galaxy Digital Trigger Bitcoin Slide
“Bitcoin is still in implementation! Galaxy Digital has deposited 2,850 BTC ($ 330.44 million) for exchange to caution In X in the early European hours, noting that the transport originated from the Satoshi era whale that was excluded this month. Before that, the Analytics account published an alert: “Note that Galaxy Digital has deposited more than 10,000 BTC ($ 1.18 billion) for exchanges in the past eight hours!” Footage of Arkham Intelligence Intelligence Boys showed a series of transactions worth millions of dollars converging on Binance, Bybit and OKX.
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Flows are the latest chapter in The epic that started on July 4When the sleeping title started since 2011 to cut 80,009-BTC to 10,000 slides of the section. By July 18, the final “40,191 BTC” fell – $ 4.8 billion – fell in Galaxy, a step explained by many analysts as a potential sale.
This possibility is now a fact. Data on the series show that Galaxy sends Bitcoin to many encryption exchanges almost every minute to sell it. The BTC price interacts with the similarity of textbooks: Spot BTC slides through $ 118,000 during the Asian session before it reaches $ 116,000 with the opening of London offices, wiping nearly $ 55 billion in the market value of Bitcoin in just 4 hours.
Galaxy Digital, run by billionaire Michael NovogratzNo public comment at the time of writing this report and no model 8-K that might indicate the amendment of the public paper. The latest media appearance of the company came on CNBC yesterday, where Novoghatz repeated his point of view It can “excel the ether” Bitcoin in the next few months, “but she has not hinted in the short term.
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While the motives remain transparent, the spectator of the market was fast in the theory. “The sale of Bitcoin is Galaxy Digital Market, which gives up a range of 80,000 BTC. Autism account that focuses on encryption to publish Via X.
The founder of the Caprewal Investments Charles Edwards Stuck Via X: “At the same time that the OG whale decreases this 10K mollusks in topical markets today, we have 30 thousand holes with a leverage to decrease. Not predicting prices and does not change anything from mid to long -term, but this is still a great sign of work in the short term.
At the time of the press, BTC was traded at $ 115,476.
Distinctive image created with Dall.e, Chart from TradingView.com
