Galaxy Digital Sells 80,000 BTC for Whale Investor

Galaxy Digital facilitated and sold up to 80,000 BTC—worth over $9 billion—on behalf of a long-dormant whale investor, as part of the investor’s estate planning strategy. These transfers began after Bitcoin reached record highs, with $3.5–$4 billion in BTC sent to major exchanges like Binance and OKX, and over $1 billion subsequently withdrawn in stablecoins, highlighting significant liquidation activity. The rapid influx led Bitcoin to briefly dip below $115,000, but the market absorbed the sales with only minor, short-lived corrections and strong institutional demand. Galaxy Digital still retains a substantial portion of the original BTC, and ongoing sales could pressure prices if sentiment weakens. Despite these concerns, industry experts, including CEO Mike Novogratz, remain bullish, predicting Bitcoin could hit $150,000 this year. The episode illustrates both the resilience and volatility of crypto markets in response to large-scale whale activity.