Whale Wallet Transfers Bitcoin Worth $2.1B to Galaxy Digital After Long Lull — Top Signal?
2025-07-15 05:40:14
Main Idea
A dormant Bitcoin whale transferred 80,000 BTC worth $8.68 billion after 13 years, with $2.1 billion sent to Galaxy Digital, sparking speculation about profit-taking and market impact.
Key Points
1. Eight wallets tied to a dormant whale moved 80,000 BTC ($8.68B) after 13 years, with some coins acquired in 2011 when Bitcoin was under $4.
2. A portion of the transfer (16,843 BTC, worth over $2B) was sent to Galaxy Digital, with 2,000 BTC ($236M) deposited on exchanges like Bybit and Binance.
3. The timing coincides with Bitcoin's price pullback from $123,000 to $117,600, raising questions about whale activity and market sentiment.
4. Analysts suggest whales may be profit-taking as retail investors continue buying amid Bitcoin's new highs.
5. The original acquisition cost of the Bitcoin was around $2 per coin, representing a massive return on investment.
Description
This week’s Bitcoin rally hit turbulence late Monday after a long-dormant wallet linked to a so-called “Satoshi-era whale” moved roughly 17,000 BTC, worth over $2b, to Galaxy Digital. The transfer coincided with a pullback in Bitcoin prices, which slipped from above $123,000 to nearly $117,600, raising fresh questions about whether big players are offloading as retail interest surges. The transaction, flagged by blockchain analytics firm Spot On Chain, is part of a broader sequence of movements ...
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