Bitcoin News Today: Bitcoin Drops 1.8% to $115,663 as Galaxy Digital Sells $1.39B BTC in 9-Hour Window

Bitcoin’s price dropped to $115,663 on July 24, 2025, following a $1.39 billion sell-off of Bitcoin by Galaxy Digital. The asset manager transferred 11,910 BTC—valued at $1.39 billion—from cold storage to exchanges within a nine-hour window, intensifying downward pressure on the cryptocurrency. Blockchain tracking data indicated the assets were dispersed across five exchanges to obscure the scale of the liquidation [1]. This move coincided with a broader period of volatility, as Bitcoin had already fallen 2.6% over the past week and 2.0% in the prior two weeks. Analysts noted that such concentrated selling could amplify price swings, particularly in markets where large institutional players dominate [2].

The sell-off by Galaxy Digital, a major market participant, raised questions about its intent. Traders speculated the action was part of a strategy to profit from short-term volatility, though Galaxy Digital has not confirmed this. The timing of the liquidation—occurring alongside broader market turbulence—suggests it may have contributed to a self-reinforcing cycle of selling. CoinStats data revealed $3.7 billion in BTC was moved to exchanges between July 16–20, 2025, reflecting heightened bearish activity, but Galaxy’s dump stood out due to its magnitude and speed [3]. The rapid execution of trades across multiple platforms was designed to avoid triggering exchange-level monitoring systems, a tactic commonly used to circumvent market manipulation regulations [4].

Market analysts attributed the price decline to a combination of factors. Galaxy’s liquidation was one catalyst, but broader issues such as reduced trading volume in the digital asset market and regulatory uncertainty also played a role. The U.S. Federal Reserve’s upcoming meeting on July 30 added to market caution, with traders scrutinizing central bank statements for clues about future monetary policy. Merlijn the trader, a market analyst, described the move as a “textbook correction” driven by selling pressure from investors. He highlighted a potential bullish chart pattern, suggesting Bitcoin could reverse its downturn and target $140,000 in the near term [5].

The incident reignited debates about the influence of institutional actors in cryptocurrency markets. Bitcoin’s drop to $115,663 marked its lowest level since mid-2024, with the asset shedding 1.8% in a single day. While the cryptocurrency has shown resilience in recent months, large-scale selloffs like this highlight vulnerabilities in its liquidity structure. Analysts warned that markets with concentrated ownership, such as those dominated by “whales,” remain susceptible to abrupt price shifts when significant positions are liquidated [6].

Regulatory scrutiny of such activities is expected to intensify. The U.S. Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN) have signaled heightened interest in monitoring large-volume trades on decentralized networks. Galaxy Digital has not responded to requests for comment, leaving the motives behind the dump unclear. The event underscores the challenges of maintaining market integrity in an environment where institutional actions can have outsized impacts on asset prices.

Source:

[1] [Bitcoin Falls to $115,663 as Galaxy Digital Dumps $1.39B BTC Tokens to Exchanges](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-115-663-galaxy-digital-dumps-1-39-billion-btc-hour-window-2507/)

[2] [Bitcoin Plummets to $115,663 as Galaxy Digital Dumps $1.39B BTC in 9-Hour Window](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-plummets-115-663-galaxy-digital-dumps-1-39-billion-btc-9-hour-sell-2507/)

[3] [Blockchain Reporter - Galaxy Digital’s $1.39B BTC Dump Amid Market Volatility](https://x.com/blockchainrptr/status/1948798163860815890)

[4] [Billions in Bitcoin Sold on Exchanges as Liquidations Top $500M](https://coinstats.app/news/ed5ac3b4122b20d9c7e7b7a84641bbbe15f262f3b3b46b5d8bfa504b372a9c88_Billions-in-Bitcoin-Sold-on-Exchanges-as-Liquidations-Top-500-Million)