Bitcoin News Today: Bitcoin Stabilizes at $117K After Galaxy Digital's $9 Billion BTC Sell-Off as Market Absorbs Pressure

Bitcoin’s market demonstrated significant resilience following a $9 billion sell-off orchestrated by Galaxy Digital, which liquidated 80,000 BTC from a Satoshi-era wallet across multiple exchanges. The coordinated sale, executed to minimize market impact, initially pushed prices below $115,000 but saw rapid recovery as institutional and retail buyers absorbed the sudden supply surge. By the week’s end, Bitcoin stabilized near $117,304, highlighting the market’s ability to withstand large-scale selling pressure [1][2]. Galaxy Digital’s CEO, Michael Novogratz, confirmed the transaction was split into tranches to mitigate volatility, stating, “We’ve liquidated approximately 80,000 BTC valued at around $9 billion, split into tranches to multiple exchanges to minimize market impact” [3].

Analysts attributed the muted price reaction to growing institutional demand and deeper liquidity pools, which have cushioned the crypto market against historical whale-driven shocks. The sale coincided with broader trends of corporate treasury allocations and hedge fund participation, reinforcing Bitcoin’s appeal as a long-term asset. Bitwise’s Matt Hougan noted that traditional four-year market cycles are becoming less relevant in a sector now defined by “less predictable but more resilient” behavior [4]. Financial indicators showed Bitcoin rebounding to $117,304, with a positive technical outlook, though its dominance dipped as Ethereum saw capital inflows [5].

Despite the sell-off, Bitcoin’s year-to-date performance outpaced major equities like the S&P 500 and Nasdaq. The absence of panic selling—despite the historic scale of the transaction—signaled improved market depth. Institutional buyers, including multi-billion-dollar funds, were observed absorbing the excess supply, reflecting a shift from retail-driven volatility to structured participation [6]. Analysts foresee a period of stabilized growth, with historical parallels suggesting short-term volatility is often followed by recovery. However, they cautioned that future resilience depends on maintaining strong on-chain metrics and regulatory clarity [7].

The event underscored Bitcoin’s maturing ecosystem. Unlike 2022, when speculative liquidations caused sharp declines, this episode highlighted a market better equipped to handle extreme supply shocks. While unconfirmed rumors of a $2.5 billion purchase by Michael Saylor added short-term intrigue, no official confirmation was provided, leaving traders cautious. The incident reinforced Bitcoin’s narrative as a resilient asset class, with analysts emphasizing that institutional infrastructure and investor sophistication are reshaping the crypto landscape.

Sources:

[1] [AInvest] (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-plummets-3-galaxy-digital-executes-9b-btc-offload-2507/)

[2] [Bitget] (https://www.bitget.com/news/detail/12560604881586)

[3] [AMBCrypto] (https://ambcrypto.com/galaxy-digital-sells-9b-in-bitcoin-yet-btc-prices-barely-moved-why/)

[4] [Blockchain News] (https://blockchain.news/flashnews/galaxy-completes-9b-bitcoin-btc-sell-off-for-satoshi-era-investor-key-trading-implications)

[5] [Mitrade] (https://www.mitrade.com/au/insights/news/live-news/article-3-988765-20250726)

[6] [AInvest] (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-whale-sells-9b-historic-80-000-btc-transfer-market-absorbs-sale-price-rebounds-115k-dip-2507/)

[7] [AMBCrypto] (https://ambcrypto.com/galaxy-digital-sells-9b-in-bitcoin-yet-btc-prices-barely-moved-why/)