Bitcoin News Today: Bitcoin Falls 3% After Galaxy Digital's $9B BTC Sale Triggers Market Pressure

Bitcoin fell more than 3% in late July 2025 as Galaxy Digital executed a $9 billion Bitcoin sale on behalf of a Satoshi-era investor, marking one of the largest single-broker transactions in crypto history. The firm sold 80,000 BTC—valued at over $9 billion—through a multi-week strategy to minimize market disruption. The transaction, which included converting 30,000 BTC to USDT and withdrawing $1.15 billion in stablecoins, triggered immediate price pressure, with Bitcoin briefly dipping below $115,000 before stabilizing [1].

The sale exacerbated existing volatility, with crypto analytics platforms reporting $646 million in liquidations, including $152 million in Bitcoin long positions [3]. While the market absorbed much of the selling pressure, the move raised concerns about further volatility, particularly given the remaining holdings. Galaxy Digital emphasized an orderly execution, spreading trades over several days to reduce disruption [5].

Historically, large-scale whale movements have caused temporary price swings, as seen in prior events from 2018 and 2021. However, the current market’s reaction appeared less severe than past episodes, with Bitcoin maintaining support above $115,000 amid sustained institutional demand [4]. Analysts noted that Galaxy Digital’s approach—prioritizing liquidity management by converting BTC to USDT—highlighted strategies to mitigate market impact in high-volume trades [7].

The transaction underscored the challenges of liquidating massive crypto positions without triggering significant price dislocations. Galaxy Digital’s stock (GLXY.TO) rebounded post-trade, reflecting investor confidence in its execution [6]. Despite the immediate 3% drop, long-term market sentiment remains uncertain, with observers monitoring whether further sales could reignite volatility.

Sources:

[1] [The Block - Whale Sells Billions Bitocoin via Galaxy Digital](https://www.theblock.co/post/364271/whale-sells-billions-bitcoin-galaxy)

[3] [CoinGape - BTC Price Rises Amid Galaxy Digital Sell-Off](https://coingape.com/btc-price-rises-as-galaxy-digital-completes-80000-bitcoin-sale/)

[4] [CCN.com - Galaxy Digital Dumps $1B in BTC, Market Unfazed](https://www.ccn.com/news/crypto/galaxy-digital-dumps-troves-of-bitcoin-crypto-market-unfazed/)

[5] [Stocktwits - Bitcoin Drops Linked to Galaxy Digital Movements](https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-drops-ethereum-gains-crypto-market-liquidations-top-500-million-following-galaxy-digital-sell-off/chobb44R5vD)

[6] [Futunn - Galaxy Digital Completes $9B BTC Sale](https://news.futunn.com/en/post/59658383/galaxy-digital-edging-up-in-us-after-hours-as-executes)

[7] [AInvest - Galaxy Digital Moves $1.15B to Exchanges](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-rebounds-116-000-galaxy-3-5b-btc-sell-market-absorbs-pressure-2507/)