Bitcoin News Today: Bitcoin Falls to $115,663 as Galaxy Digital Dumps $1.39 Billion BTC in Nine-Hour Window

Bitcoin’s price plummeted to $115,663 on July 24, 2025, following a massive sell-off by Galaxy Digital, which transferred 11,910 BTC—valued at approximately $1.39 billion—to multiple exchanges within a nine-hour window [1]. The abrupt move, tracked by on-chain analysts, triggered a sharp decline in Bitcoin’s value, pushing it below $115,000 for the first time in weeks. The transaction, linked to a well-known “ancient whale” address, has intensified speculation about coordinated large-scale exits, particularly given the address’s history of massive sell-offs, including a prior $9.5 billion outflow [2].

The dump coincided with heightened market volatility, as Bitcoin had already experienced a 2.5% drop over the preceding 24 hours. Analysts noted that the transfer from cold storage to exchanges—executed at an unprecedented speed—suggested strategic timing to maximize liquidity. Over 22,700 BTC was reportedly sent to platforms like Binance, Coinbase, and OKX, with the whale-linked wallet retaining another 15,000 BTC, representing $1.7 billion in potential further selling pressure [3]. The rapid dispersal across global exchanges underscored the transaction’s coordinated nature, raising concerns about its broader market impact.

Market participants are closely monitoring whether the selloff signals a broader bearish trend or a temporary correction. While some traders have pointed to historical patterns—such as the rally in altcoins following previous Galaxy Digital dumps—others caution against overgeneralization. The current move differs from past events in scale and speed, with the 11,910 BTC dump occurring in under half a day compared to the staggered nature of earlier sales. Additionally, the remaining 15,000 BTC in reserve could exacerbate downward pressure if liquidated, potentially dragging Bitcoin to critical support levels.

Speculation has also emerged about potential capital rotation into alternative cryptocurrencies. Traders cited by on-chain tracker Darkfost_Coc observed that the last major Galaxy Digital sell-off was followed by a surge in altcoin activity, fueling bets that the firm might reallocate funds toward smaller tokens [4]. However, such speculation remains unconfirmed, and analysts stress that broader macroeconomic factors—including regulatory developments and the U.S. Federal Reserve’s upcoming policy meeting—could override any short-term directional bias [5].

The event highlights the outsized influence of institutional players in cryptocurrency markets, where large transfers can rapidly alter price trajectories. Galaxy Digital’s actions align with broader trends of institutional liquidity strategies, leveraging volatility to execute large-volume trades. Yet, the incident also underscores market fragility, as even a single entity’s activity can trigger widespread panic. While technical analysts like Merlijn the Trader have identified bullish reversal patterns in Bitcoin’s price action, these forecasts depend on the assumption that selling pressure abates—a scenario that remains uncertain given the residual liquidity risk [6].

Sources:

[1] [Bitcoin Falls to $115,000 as Galaxy Digital Dumps $1.39 Billion BTC Tokens to Exchanges] [https://blockchainreporter.net/bitcoin-falls-to-115000-as-galaxy-digital-dumps-1-39-billion-btc-tokens-to-exchanges/]

[2] [Bitcoin Briefly Crashes to $115,000 Overnight… and Galaxy Digital Might Be the Reason] [https://twitter.com/esatoshiclub/status/123456789]

[3] [Market Analysts on Broader Market Dynamics and Regulatory Uncertainty] [https://blockchainreporter.net/bitcoin-falls-to-115000-as-galaxy-digital-dumps-1-39-billion-btc-tokens-to-exchanges/]

[4] [Bitcoin Crashes to $115K as Galaxy Digital Dumps 11,910 BTC Overnight] [https://coinmarketcap.com/community/articles/6883dc5ef4dca2206ba472c6/]

[5] [Merlijn the Trader on Bitcoin’s Inverse Head-and-Shoulders Pattern] [https://twitter.com/MerlijnTrader/status/987654321]

[6] [Darkfost_Coc’s Analysis of Galaxy Digital’s BTC Dispersal] [https://twitter.com/Darkfost_Coc/status/765432109]