{"id":56537,"date":"2025-07-25T09:04:35","date_gmt":"2025-07-25T09:04:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-to-115k-as-galaxy-digital-dumps-30000-btc\/"},"modified":"2025-07-25T09:04:35","modified_gmt":"2025-07-25T09:04:35","slug":"bitcoin-drops-to-115k-as-galaxy-digital-dumps-30000-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-to-115k-as-galaxy-digital-dumps-30000-btc\/","title":{"rendered":"Bitcoin drops to $115k as Galaxy Digital dumps 30,000 BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/bitcoin-btc-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/bitcoin-btc-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/bitcoin-btc-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/bitcoin-btc-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin price fell 3% to below $115k, with intraday lows of $114,750.<\/li>\n<li>Galaxy Digital has deposited over 30,000 BTC.<\/li>\n<li>Lookonchain shared on-chain details indicating Galaxy sold over 10k on Binance, OKX and Bybit.<\/li>\n<\/ul>\n<p>Bitcoin (BTC) fell sharply on Friday, touching lows near the $115,000 mark, as analysts pointed to a sell-off by a long-dormant Bitcoin whale.<\/p>\n<p>Bitcoin, which recently hit an intraday high of $123,000, gave up gains to trade as low as $114,759 \u2014 down 3% over 24 hours.<\/p>\n<p>The move marked its lowest level in two weeks, last seen on July 10, when BTC surged from $110,000.<\/p>\n<h2>Why did the Bitcoin price fall sharply today?<\/h2>\n<p><span style=\"font-size: 16px;\">Bitcoin, which had recently consolidated in the $117,000\u2013$118,000 range as altcoins outperformed, broke below key support levels to hit a multi-week low amid heavy selling pressure. <\/span><\/p>\n<p><span style=\"font-size: 16px;\">The decline follows on-chain activity suggesting that a long-dormant wallet, active for the first time in 14 years, moved 80,000 BTC to exchanges through Galaxy Digital. <\/span><\/p>\n<p><span style=\"font-size: 16px;\">Data indicates the holdings may have been offloaded in the past 24 hours.<\/span><\/p>\n<blockquote>\n<p>\u201cNote that Galaxy Digital 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),\u201d Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/1948596074849206467\" target=\"_blank\" rel=\"noopener\">posted on X<\/a>.<\/p>\n<\/blockquote>\n<p>Lookonchain then shared an update showing over 30k BTC sent to exchanges, including Binance, OKX and Bybit. Currently, Galaxy has transferred over 30k BTC to exchanges.<\/p>\n<p>Also notably, Galaxy withdrew $1.15 billion USDT from exchanges after the BTC deposits.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update:<a href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw\">#GalaxyDigital<\/a> has transferred nearly 30,000 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($3.5B) out today, most of which went directly to exchanges and were sold.<\/p>\n<p>Then <a href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw\">#GalaxyDigital<\/a> withdrew 1.15B <a href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDT<\/a> from exchanges.<a href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw\">#GalaxyDigital<\/a> still holds 18,504 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($2.14B).<a href=\"https:\/\/t.co\/bVtNwP2iXI\">https:\/\/t.co\/bVtNwP2iXI<\/a> <a href=\"https:\/\/t.co\/Wv1cD3aHbf\">pic.twitter.com\/Wv1cD3aHbf<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1948665986573631687?ref_src=twsrc%5Etfw\">July 25, 2025<\/a><\/p>\n<\/blockquote>\n<h2>Over $518 million liquidated<\/h2>\n<p>Per details on Coinglass, the BTC sell-off has erased <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\">over $518 million<\/a> in leveraged positions within the last 24 hours.<\/p>\n<p>Most of these are longs at over $380 million, with more than $135 million of it in bullish bets on BTC wiped out.<\/p>\n<p>The whale\u2019s activity is thus likely to have an impact, largely panic selling that could further push prices lower.<\/p>\n<p>Liquidations mounting will see more longs taken out, with some like <a href=\"https:\/\/x.com\/lookonchain\/status\/1948611937396555957\" target=\"_blank\" rel=\"noopener\">AguilaTrades<\/a> already seeing millions in potential profits disappear.<\/p>\n<h2>What\u2019s next for the Bitcoin price?<\/h2>\n<p>According to crypto analyst Captain Faibik, while bulls may yet retain the upper hand, a breakdown is likely.<\/p>\n<p>The analyst points to a falling wedge pattern and says a daily close below $113k could confirm this negative outlook.<\/p>\n<p>However, if BTC holds steady and moves toward $118k, a decline in selling pressure may allow buyers to retest key supply zone areas.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> is on the verge of breaking down from its Rising Wedge..!!<\/p>\n<p>A daily close below 113k would confirm the Breakdown, Potentially triggering a Correction..\ud83d\udd1c\ud83d\udcc9<\/p>\n<p>Still Waiting for confirmation before taking any action..\u23f0<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/t.co\/KZctibiLlZ\">https:\/\/t.co\/KZctibiLlZ<\/a> <a href=\"https:\/\/t.co\/qon77TXtDH\">pic.twitter.com\/qon77TXtDH<\/a><\/p>\n<p>\u2014 Captain Faibik \ud83d\udc3a (@CryptoFaibik) <a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/1948603206751133879?ref_src=twsrc%5Etfw\">July 25, 2025<\/a><\/p>\n<\/blockquote>\n<p>As the market reacts to the Bitcoin price drop, investors may want to position themselves amid buy-the-dip opportunities.<\/p>\n<p>In this case, Bitcoin\u2019s next move is very much a key factor.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-drops-to-115k-as-galaxy-digital-dumps-30000-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price fell 3% to below $115k, with intraday lows of $114,750. Galaxy Digital has deposited over 30,000 BTC. Lookonchain shared on-chain details indicating Galaxy sold over 10k on Binance, OKX and Bybit. Bitcoin (BTC) fell sharply on Friday, touching lows [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":56538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56537"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56537"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56538"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}