Galaxy Digital has transferred a massive 17,123 BTC, worth $1.98 billion, to multiple centralised exchanges in the past 12 hours. Lookonchain reported Friday that the digital asset firm initially sent over 10,000 Bitcoin to exchanges in the past 8 hours. The transfer comes after Galaxy Digital received more than 80,000 Bitcoin from a Satoshi-era whale who had not accessed the funds for 14 years. Note that #GalaxyDigital has deposited over 10,000 $BTC ($1.18B) to exchanges in the past 8 hours! The 10,000+ $BTC comes from the Bitcoin OG holding 80,009 $BTC ($9.68B). https://t.co/qaSj0NKwmD pic.twitter.com/09XEqB6VGg — Lookonchain (@lookonchain) July 25, 2025 In the past hours, Galaxy Digital has withdrawn 370M USDT from exchanges, including OKX, Binance and Bybit, Lookonchain wrote. Suspected to belong to the “14-year BTC fossil hand,” 14,273 $BTC were deposited in batches into various exchanges by Galaxy Digital over the past 12 hours, valued at approximately $1.67 billion, one trader posted on X. About 5,690 BTC was transferred in the last hour alone. 这下靴子不仅落地了，还暴扣在了头上 疑似归属于「持仓 BTC 14 年化石手」的 14273 枚 $BTC 在过去 12 小时内由 Galaxy Digital 分批充值进了各大交易所（约 16.7 亿美元），其中过去 1 小时就转移了 5690 BTC 两组数据显示，这次大概率是真的在抛售了 1⃣ 币安 BTC 现货交易 4 小时内成交了超 1… https://t.co/k86v0qALp7 pic.twitter.com/02e5sHDrfo — Ai 姨 (@ai_9684xtpa) July 25, 2025 However, the latest data from Arkham notes that the Bitcoin sell-off is still underway. Another 2,850 BTC worth $330 million was deposited into major exchanges at the time of writing. This has totalled BTC transfers to 17,123 in the past 12 hours, the trader posted on X . Bitcoin Sell-Off Worries Mount – What Can Investors Expect Galaxy’s latest sell-off spree has weighed on the Bitcoin price. BTC suffered a sharp correction over the past 24 hours, falling by over 2% in the past 24 hours to $115,600 after being rejected at the $119,000 resistance level. The largest cryptocurrency is now trading at $115,444 at press time, with a 4.21% drop since last week, according to CoinMarketCap data . The price drop has rattled markets and raised fresh questions about whether BTC can maintain its upward momentum. Analysts believe this behavior indicates short-term bearish sentiment. If Galaxy Digital or its affiliated wallet continues this pace, more downside could follow. Market watchers noted that a breakdown below $114,000 could trigger more downside pressure. The post Galaxy Digital Moves Massive 17,123 BTC to Multiple CEXs in 12 Hours, Impacts Market appeared first on Cryptonews .
