Massive Bitcoin Sales Trigger Market Tumbles
2025-07-15 14:25:27
Main Idea
The Bitcoin price dropped significantly from over $123,000 to below $117,000 due to large-scale sales by whales and disappointing inflation data, with potential further volatility as the U.S. market reacts.
Key Points
1. Bitcoin's price fell from over $123,000 to below $117,000, influenced by disappointing inflation data and large-scale sales.
2. Approximately 80,000 BTC (worth $10 billion) from 2011 were sold, contributing to the market downturn.
3. Galaxy Digital initiated sales in batches, including 16,000 BTC initially, followed by smaller batches of 200-300 BTC.
4. Fidelity purchased Bitcoin for ETFs via Galaxy Digital, suggesting ETFs may absorb some of the sold Bitcoin.
5. The remaining 40,000 BTC are held in inactive wallets, while Bitcoin stabilizes around $117,000 but remains vulnerable to market shifts.
Description
Bitcoin prices fell below $117,000 after massive whale sales. 80,000 BTC was sold, contributing to market declines. U.S. Continue Reading: Massive Bitcoin Sales Trigger Market Tumbles The post Massive Bitcoin Sales Trigger Market Tumbles appeared first on COINTURK NEWS .
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