Bitcoin Transfer: Unpacking Galaxy Digital's Massive $404M Move And Its Market Impact

Bitcoin whale's selloff triggers market meltdown; Is this the beginning of the end?

Bitcoin (BTC) dropped below $115,220 on Friday, down 3.01% in the last 24 hours, as the cryptocurrency faces pressure from massive whale movements that crypto analyst Crypto Patel describes as a potential “major distribution event.” BTC 24-hour price chart. Source: Finbold  Using Arkham data, the analysis reveals that a major Bitcoin OG with 80,009 BTC (~$9.6 billion) has been systematically moving large amounts of Bitcoin through Galaxy Digital…

Bitcoin Price to Drop Below $100K? Top Analyst Warns Of Sharp Fall

The post Bitcoin Price to Drop Below $100K? Top Analyst Warns Of Sharp Fall appeared first on Coinpedia Fintech News Bitcoin is once again testing the patience of crypto traders. As a popular crypto analyst, Captain Faibik has shared a fresh warning about Bitcoin’s current price pattern. He says Bitcoin is stuck inside a Rising Wedge pattern and believes that BTC could soon drop below $100,000 if signs play out. So, is a big drop coming? Bitcoin…

Bitcoin Price Dives to 2-Week Low as Galaxy Digital Offloads $1.5B in BTC

Bitcoin’s price tumbled by more than four grand in the past 12 hours or so amid reports that Mike Novogratz’s Galaxy Digital has initiated a substantial sell-off for roughly $1.5 billion in BTC. The move south has harmed over-leveraged traders, with nearly 150,000 such market participants getting liquidated on a daily scale. BTCUSD. Source: TradingView The primary cryptocurrency remained in a relatively tight range between $117,000 and $120,000 …

Galaxy Digital May Have Dumped 10,000 BTC Worth $1.18 Billion, Causing the Latest BTC Price Dip

Galaxy Digital may have dumped 10,000 BTC worth 1.18 billion.  This move led to millions in long position liquidations, causing the latest price dip.  The entity also moved million in USDT from prominent crypto exchanges. The price of Bitcoin (BTC) experienced a significant fall from the $119,000 price range to the lower $115,000 price range in under an hour. Only a significant sell-off would affect the BTC price so severely. The fact that Galax…

Whale Transfers Over $1.2 Billion to Exchanges, Pushing Crypto Prices Down

Galaxy Digital has transferred more than 10,000 Bitcoin—worth an estimated $1.2 billion—to cryptocurrency exchanges within an eight-hour window, according to blockchain analytics firm Lookonchain . This significant movement of funds comes shortly after the company received over 80,000 Bitcoin from a...