Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
promise444c5
on 25/07/2025, 16:39:26 UTC
Ahh missed that 115k dip

Still stacking the mining coins

any guess as to why we dropped to 115k last night

Galaxy Digital sent 70k BTC to exchanges (Binance, OKX,..) and probably sold it.

But why did they sell in the first place?
They paper handed it? Or there was any other meaning? Maybe they bought a gigantic call positions and were only delta hedging that

It seems a whale deposited it last week, and now they sell it or so... maybe their client
The 80kBTC whale to be precise but he's been moving his btc to Galaxy Digital for a while where he sold 40k already until he made another  finall move of his remaining  40k to Digital Ocean last week friday , i think part  are already  being sold  through exchange this week..

They have deposited more in exchanges, saw an article which said the amount is around $3.4bn.
Do the calculation.. that’s  still  around 30k btc.