Galaxy Digital moves $447M in Bitcoin to exchanges, sparking sell-off speculation
Key Takeaways
Galaxy Digital moved 3,782 BTC, worth $447 million, to exchanges within 12 hours.
The transfers have raised concerns of potential selling pressure and heightened market volatility.
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Galaxy Digital sent 3,782 Bitcoin (BTC) worth around $447 million to crypto exchanges over the past 12 hours, according to Arkham Intelligence data, igniting fresh speculation about a major sell-off.
Is #GalaxyDigital helping clients sell $BTC again?
In the past 12 hours, GalaxyDigital has transferred out another 3,782 $BTC($447M), most of which went to exchanges.https://t.co/lD8tgkBx00https://t.co/u8s0VjLG5p pic.twitter.com/4wqf8DZx2y
— Lookonchain (@lookonchain) July 29, 2025
The transfer follows Galaxy Digital’s sale of over 80,000 BTC last week, the largest known Bitcoin liquidation, for a Satoshi-era investor who reactivated his wallet after 14 years of dormancy.
Bitcoin briefly plunged to $115,000 following Galaxy’s earlier BTC move but rebounded above $119,000 once the selling pressure eased. At press time, it was trading at $117,834, down 1.5% over the past 24 hours, according to CoinGecko.
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