Galaxy Digital Executes $9B Bitcoin Whale Trade—Satoshi-Era Holder Cashes Out: BTC Price at a Crossroads
Wall Street meets crypto's OG whales as Galaxy Digital brokers a seismic $9 billion Bitcoin transaction. The seller? A shadowy Satoshi-era investor finally taking profits after riding BTC from sub-$1 to today's five-figure reality.
Market tremors ahead?
While the trade screams institutional maturity, it also raises eyebrows—why dump now? Some see prudent profit-taking; others smell blood in the water. The move coincides with Bitcoin's shaky consolidation below its 2025 highs, leaving traders split: bullish continuation or distribution phase?
One hedge fund manager quipped: 'When the guy who bought at pizza prices sells, maybe listen.' But Galaxy's seamless execution proves crypto's plumbing works—even for trades that could move the needle 5% in illiquid altcoins.
Next stop? Watch the $9 billion question: Will this supply get OTC'd to ETFs or dumped on spot markets? Either way, Bitcoin's proving it can handle whale-sized moves without the exchanges collapsing—a luxury most altcoins still can't afford.
Galaxy Digital Inc. (NASDAQ: GLXY), a financial investment firm focused on the crypto market, has announced the completion of the sale of one of the largest Bitcoin (BTC) troves in history. According to the announcement on Friday, July 25, Galaxy Digital finalized the sale of more than 80k BTC, worth over $9 billion based on the current market value of about $117k.
“Galaxy completed the sale of more than 80,000 bitcoin – valued at over $9 billion based on current market prices – for a Satoshi-era investor, representing one of the earliest and most significant exits from the digital asset market. The transaction was part of the investor’s broader estate planning strategy,” Galaxy Digital noted.
What the Satashi-era Exits Mean for the Bitcoin Market
The strategic exit of the Satoshi-era investor marks the entrance of institutional capital to the Bitcoin market. Furthermore, the rising demand for the U.S. spot BTC ETFs by institutional investors has increased the overall cash inflow to the Bitcoin market.
Meanwhile, the exit of early Bitcoin investors marks a potential onset of the 2025 altseason. Moreover, the demand for ethereum and the wider altcoin market is evident through the spot ETF cash flows.
BTC Price Eyes New ATH
After a solid breakout towards price discovery earlier this month, BTC price has been forming a bullish flag in the past two weeks. The flagship coin rebounded above $117k on Friday, July 25 during the mid-North American session, after teasing below $115k in the last 24 hours.
$BTC/usdt 2 hour
Price making its way towards channel resistance at X ($119k) https://t.co/VDIBdytG7b pic.twitter.com/rIPmDhlLBL
From a technical analysis standpoint, BTC price is well-positioned to rally towards a new all-time high in the NEAR future. Moreover, the BTC price has already started its parabolic phase, which is characterized by euphoric trading.
The midterm bullish sentiment will be invalidated if Bitcoin price drops consistently below the support/resistance level around $109k
