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Announcement

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A significant Bitcoin investor has sold 80,000 BTC via Galax

Monnie Brunt OkvK

Updated at: 13 hours ago

{"content":"A significant Bitcoin investor has sold 80,000 BTC via Galaxy Digital, marking one of the largest transactions in cryptocurrency history, although specifics about the timing and price remain undisclosed. Galaxy Digital announced the sale on PR Newswire, later confirming its authenticity on their blog. While the identity of the seller was not revealed, it was noted that the sale was part of a broader real estate strategy. This announcement coincided with a period of volatility for Bitcoin, which briefly fell below $115,000. Data from Lookonchain indicated that Galaxy Digital executed several large transactions, totaling nearly 30,000 BTC, primarily sent to exchanges. These transactions were linked to an investor who had moved 80,009 BTC from a dormant wallet earlier this month. Despite the substantial sale, Bitcoin's price quickly rebounded, trading above $117,300. Analysts suggest that the market has absorbed the sale without significant impact, indicating potential for further price increases as Bitcoin continues to gain traction this year. #BTC {spot}(BTCUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/29/c1b01c1eecf22125280ae8c29aad3a14.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}

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