Bitcoin’s Tragic Fall: Galaxy Digital’s $1.5B BTC Exit!

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Ah, the ever-reliable Lookonchain, that paragon of financial transparency, reveals that Galaxy Digital, that most enigmatic of financial entities, has deposited 10,000 BTC (roughly $1.18 billion) to exchanges—a move as dramatic as a Shakespearean tragedy. 🧙‍♂️

This, of course, has likely caused a rather sharp Bitcoin price drop, as if the market itself were weeping at the loss of its cherished assets. 🫠

At 4:26 UTC, the top coin, in a fit of despair, plummeted to an intraday low of $115,125, the lowest since July 10. 📉

For now, Bitcoin, like a weary poet, struggles to recover, trading at $115,564. 🧘‍♂️

As U.Today reports, a Satoshi-era whale, that ancient mariner of the crypto seas, recently transferred their remaining $4.77 billion to Galaxy Digital. 🐋

Lookonchain, in a moment of clarity, confirms that the 10,000 BTC hail from that O.G. whale. 🧠

The sell-off, it seems, is far from over. Lookonchain reports that Galaxy Digital has just sent another 2,850 BTC to exchanges, adding insult to injury. 🚀

A Massive Whale’s Tragic Liquidation

Following the sharp Bitcoin drop, AguilaTrades, that enigmatic whale, found himself partially liquidated on his 20x long position. A loss of $2.1 million, a mere trifle in the grand scheme of things. 🐋

Yet, the whale persists, clinging to his BTC position, which now sports a floating loss of $4 million. 🧘‍♂️

His overall portfolio, once a gilded palace, now dwindles to $37 million. 🏰

CoinGlass data reveals that $706.66 million has been liquidated in the past 24 hours, with long positions taking the lion’s share. 🦁

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2025-07-25 08:55