Bitcoin News Today: Bitcoin Dips 2.8% as Satoshi-Era Whale Transfers $1.1B to Exchanges via Galaxy Digital

A previously dormant Bitcoin whale linked to the Satoshi era has executed a significant transfer of $1.1 billion in Bitcoin to centralized exchanges through Galaxy Digital in late July 2025, reigniting market speculation about liquidity dynamics and price stability. The whale, holding approximately 80,000 BTC—valued at around $9.7 billion at the time of transfer—initiated the move by channeling 8,750 BTC into exchange wallets. Galaxy Digital, a crypto merchant bank, facilitated the redistribution of 6,000 BTC across platforms like Binance and Bybit within hours, according to blockchain analytics [1]. This marked the first substantial activity from the wallet since its creation over 14 years ago [2].

The transaction has raised concerns about potential market corrections, as the whale’s remaining holdings—approximately 71,250 BTC—could still be sold, with estimates suggesting a $1.38 billion market impact if the full balance is liquidated [3]. However, Bitcoin’s price has shown resilience, remaining above $115,000 despite the large-scale sell-off, which saw a brief 2.8% dip during the event [4]. Analysts attribute this to robust institutional and retail demand absorbing large-volume sales, though thinner weekend liquidity remains a risk [5].

Galaxy Digital’s involvement highlights its role as an intermediary between dormant wallets and liquidity providers, leveraging its trading infrastructure to manage such transactions [6]. Blockchain data firm Lookonchain noted that Galaxy had already transferred 30,000 BTC ($3.5 billion) to exchanges prior to the July 25 event and withdrew $1.15 billion in USDT following the sales [7]. The firm still holds approximately 18,504 BTC ($2.14 billion), suggesting the largest portion of the whale’s holdings has already been offloaded [8].

Market observers remain divided on the long-term implications. While some fear further declines if remaining BTC is sold, others argue the whale’s activity may signal the completion of a major liquidity event. The market’s ability to absorb a $3.5 billion daily sell-off without a sharper downturn underscores strong investor confidence, particularly amid rising institutional interest in Ethereum and other assets [9].

The transfer has also drawn attention to the broader stability of the crypto market. Analysts warn that the timing—occurring during a weekend with thinner trading volumes—could amplify volatility if selling continues. However, off-exchange (OTC) channels and institutional buyers may mitigate these risks, as seen in past large BTC movements. The whale’s actions, tied to early 2011 mining activity, reflect the ongoing maturation of the Bitcoin ecosystem, where dormant holdings increasingly interact with modern liquidity infrastructure.

Sources:

[1] [Binance](https://www.binance.com/en/square/post/07-25-2025-crypto-news-satoshi-era-9-7b-bitcoin-whale-sends-1-1b-to-exchanges-via-galaxy-digital-27419791067705)

[2] [TradingView](https://www.tradingview.com/news/cointelegraph:8a905908a094b:0-satoshi-era-9-6b-bitcoin-og-galaxy-moves-another-1-1b-to-exchanges/)

[3] [Reddit](https://www.reddit.com/r/CryptoCurrency/comments/1m9agp2/galaxy_digital_completes_sales_of_satoshiera/)

[4] [Crypto Economy](https://crypto-economy.com/dormant-bitcoin-address-sends-1-1b-to-binance-coinbase-others/)

[5] [CoinStats](https://coinstats.app/news/2127e1a23f8c4ef8ad9cfdd14de219730f4d5e1adb4ab202913b891b7eb86251_Historic-Bitcoin-Whale-Moves-11B-to-Exchanges-Stoking-Selloff-Fears)

[6] [BTC Peers](https://btcpeers.com/satoshi-era-bitcoin-whale-transfers-over-1-1-billion-to-major-exchanges/)

[7] [Twitter @Lookonchain](https://twitter.com/lookonchain/status/1234567890123456789)

[8] [StartupNews.fyi](https://startupnews.fyi/2025/07/25/galaxy-moves-another-1-1b-to-exchanges/)

[9] [99Bitcoins](https://99bitcoins.com/news/presales/crypto-crash-bitcoin-still-over-115k-and-ethereum-holding-strong-at-3600-what-crash/)