Bitcoin News Today: Bitcoin's Volatility Exposed as Galaxy Sells 1,167 Coins in Strategic Shift

Galaxy Digital, a leading institutional digital asset and data center firm, has sold 1,167 Bitcoin in recent market activity. This large-scale transaction marks one of the largest notional Bitcoin trades in the firm’s history and reflects ongoing volatility in the cryptocurrency markets [1]. The move coincides with a broader period of uncertainty for Bitcoin, as prices have dipped below $110,000 and show signs of short-term weakness amid heightened selling pressure.

The sale occurred against a backdrop of significant on-chain activity and evolving institutional engagement. Galaxy has been actively involved in developing infrastructure and investment strategies, including the completion of a $1.4 billion project financing facility to accelerate the development of its Helios AI datacenter [1]. This strategic focus on institutional-grade solutions highlights the firm’s broader vision to support market maturation through yield strategies and liquidity provision. However, the recent Bitcoin sale suggests a recalibration of portfolio positions amid shifting market conditions.

Bitcoin’s price trajectory has shown signs of consolidation, with on-chain indicators such as the 90-day Mean Dollar Invested Age (MDIA) suggesting that long-term holders are holding steady, while short-term trading activity has diminished [2]. This pattern can precede periods of price stagnation or mild declines, though analysts argue it may also set the stage for a larger bullish move once selling pressure subsides. The market is currently navigating the third phase of the bull cycle, where capital is rotating into alternative cryptocurrencies before potentially returning to Bitcoin in the final quarter of 2025.

Technically, Bitcoin’s price has formed a megaphone pattern on the daily chart, characterized by expanding price swings that reflect intense volatility and the tug-of-war between bullish and bearish forces. A key support level at $108,724 has been tested recently, and maintaining this threshold is crucial for Bitcoin to avoid further downward movement and retest the $124,813 resistance level [2]. The Chaikin Money Flow indicator has turned positive, signaling renewed inflows into the asset and adding to the case for a potential upward breakout, although a breakdown below $100,000 could trigger broader market concerns.

The current environment is also shaped by macroeconomic expectations, including the anticipation of U.S. Federal Reserve rate cuts and the potential approval of spot ETFs for altcoins. These developments could influence investor sentiment and capital flows in the coming months. Meanwhile, Ethereum has shown relative resilience amid the recent market turbulence, with its price holding firm despite the broader crypto downturn. The divergent performance between Bitcoin and Ethereum has added complexity to the market narrative, with some analysts suggesting that Ethereum could benefit from increased institutional attention as Bitcoin experiences short-term consolidation [3].

Source:

[1] Galaxy: An Institutional Digital Assets & Data Center Leader (https://www.galaxy.com/)

[2] Bitcoin (BTC) Price May Slip Before Explosive Breakout (https://www.ccn.com/analysis/crypto/bitcoin-price-btc-before-explosive-breakout-toward-200k-reasons-disclosed/)

[3] Pain Ahead? Bitcoin and Ethereum Charts Show Mixed Signals (https://finance.yahoo.com/news/more-pain-ahead-bitcoin-ethereum-211155408.html)