Bitcoin News Today: Bitcoin plummets to $115,663 as Galaxy Digital liquidates $1.39 billion in 9-hour window

Bitcoin’s price plummeted to $115,663 on July 24, 2025, as Galaxy Digital, a major player in the cryptocurrency market, reportedly liquidated a staggering $1.39 billion worth of Bitcoin (BTC) within a nine-hour window. The transaction involved the transfer of 11,910 BTC, a move attributed to a "whale" wallet linked to the firm, which dispersed the assets across five major exchanges to mitigate detection. The rapid sell-off triggered a sharp decline in Bitcoin’s value, exacerbating market volatility and drawing scrutiny from traders and analysts alike [1][2].

The dumping spree was part of a broader wave of selling pressure observed in mid-July. On July 16, 2025, additional data revealed that Galaxy Digital and other entities collectively moved $3.7 billion in Bitcoin to exchanges, further amplifying downward momentum. This mass liquidation led to widespread price slumps, with Bitcoin dropping 1.8% in a single session and triggering over $500 million in forced liquidations across derivatives markets [3]. The timing of these events coincided with a period of heightened uncertainty, as traders navigated mixed signals about macroeconomic conditions and regulatory developments.

Market participants speculated that the strategic timing of Galaxy Digital’s actions reflected a profit-taking maneuver amid a bearish correction. The whale-linked wallet’s decision to fragment the sell order across multiple exchanges underscored an effort to obscure the scale of the transaction, a tactic often used to minimize market impact. However, the sheer volume of BTC dumped overwhelmed liquidity buffers, leading to a cascade of sell orders and a sharp loss of investor confidence [1][2].

The event reignited debates about the influence of large institutional players on cryptocurrency markets. Critics argued that such concentrated selling episodes highlight the fragility of crypto’s liquidity structure, while others emphasized the role of algorithmic trading and leverage in amplifying price swings. Notably, the July 24 crash occurred just days after a separate report indicated that Bitcoin purchases had surged by $2 billion in July, suggesting a complex interplay between bullish and bearish forces [4].

Analysts remain cautious about the medium-term outlook, with some noting that Bitcoin’s ability to rebound will depend on the resolution of key macroeconomic risks, including interest rate expectations and global inflation trends. For now, the market is grappling with the immediate fallout of Galaxy Digital’s actions, a reminder of the delicate balance between speculation and structural liquidity in the crypto space.

Sources:

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

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

[4] [Strategy Ups Raise for Bitcoin Purchases by $2 Billion](https://coinstats.app/news/05c7b7fc3c394e11c4bd92ac1b5f3580f1726ebd9ed6e96c33601dfb4cdb368f_Strategy-Ups-Raise-for-Bitcoin-Purchases-by-%242-Billion/)