Bitcoin News Today: Bitcoin Falls to $114,770 as Galaxy Digital Transfers $2B BTC to Exchanges

Bitcoin prices experienced a notable decline as a significant transfer of assets triggered market volatility. The flagship cryptocurrency fell below $115,000, reaching a low of $114,770, amid the movement of 17,123 BTC—valued at nearly $2 billion—by Galaxy Digital to centralized exchanges over 12 hours [1]. The transaction, part of a larger 80,000 BTC transfer from a long-dormant Satoshi-era wallet, intensified selling pressure and led to over $585 million in long position liquidations, with Bitcoin accounting for $140 million of the total [2]. Analysts attributed the dip to the immediate market reaction to large-scale distributions, with crypto trader Ash Crypto noting it as a "leverage flush" driven by speculative trading in alternative cryptocurrencies [3].

Galaxy Digital’s actions included depositing over 10,000 BTC ($1.18 billion) to exchanges within eight hours, alongside withdrawals of 370 million USDT from platforms like Bybit, OKX, and Binance. Blockchain intelligence firm Lookonchain highlighted the transfer as a strategic move to liquidate dormant holdings, citing the 14-year-old wallet’s significance [4]. The selloff coincided with cautious sentiment ahead of the U.S. Federal Reserve’s policy update and a key crypto regulatory report, further pressuring BTC’s trajectory.

Meanwhile, Michael Saylor’s Strategy Inc. unveiled a $2.8 billion preferred stock offering, dubbed “Stretch,” to expand its Bitcoin treasury. The initiative, offering a 9% annual yield, aims to fund further BTC acquisitions, with Strategy’s holdings now valued at over $70 billion [5]. Duke University’s Campbell Harvey described the move as part of a broader trend in financial engineering, where firms capitalize on inflated valuations to raise capital [6].

Despite the short-term correction, the Crypto Fear and Greed Index remained bullish, scoring 70 on Friday, indicating persistent optimism among investors [7]. Galaxy Digital CEO Michael Novogratz and others continue to forecast higher prices for Bitcoin, though the recent pullback tested market resilience. BTC’s intraday low of $114,770 marked its first close below $115,000 in weeks, following a week-long oscillation between $115,701 and a record high of $123,091 [8].

The market’s response to the selloff was tempered by analysts who noted the absence of panic-driven volatility. A trader’s comment emphasized that current caution—rather than panic—characterizes the environment, with no significant spikes in trading volume or erratic price swings [9]. BTC’s weekly performance reflected this duality: surging past $120,000 on Monday before retreating to $117,240 by the weekend, and rebounding to $119,980 on Tuesday amid renewed buying interest [10].

The broader market’s resilience suggests that while short-term selling pressure exists, long-term confidence remains intact. Galaxy Digital’s actions and Strategy’s fundraising efforts underscore the evolving dynamics of institutional Bitcoin strategies, blending liquidity management with treasury expansion. As the Federal Reserve’s policy decisions loom, the interplay between institutional activity and macroeconomic factors will likely shape BTC’s next trajectory.

Source:

[1] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[2] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[3] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[4] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[5] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[6] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[7] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[8] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[9] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)

[10] [Bitcoin Price Analysis: BTC Dips As Massive Transfer Impacts Prices](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-dips-as-massive-transfer-impacts-prices)