Bitcoin News Today: Galaxy Digital's $9B Bitcoin Sale Triggers 6% Drop to Two-Week Low

Bitcoin’s price slumped to a two-week low in late July 2025 as Galaxy Digital executed one of the largest Bitcoin transactions in history on behalf of a Satoshi-era investor. The firm confirmed the sale of 80,000 BTC—worth over $9 billion at current prices—marking an unprecedented exit by one of the cryptocurrency’s earliest adopters. The transaction, executed late Friday, triggered immediate selling pressure, with Bitcoin dropping below $115,000 amid $646 million in liquidations. Galaxy Digital described the move as part of the investor’s broader estate planning strategy but did not disclose the client’s identity [1]. The sale involved transfers of BTC to exchanges, as tracked by Lookonchain, with most funds moving from a wallet dormant for 14 years [2].

Bitcoin’s initial plunge was short-lived, as the market absorbed the news within days. By July 16, the cryptocurrency rebounded to $117,000, with analysts noting the price’s resilience despite the large-scale sale. Joe Consorti of Theya highlighted that the market “barely moved” after $9 billion worth of BTC was sold into open order books, underscoring Bitcoin’s growing capacity to handle major institutional transactions [3]. The price remained volatile, fluctuating between $114,770 and $119,603 over the following week, reflecting ongoing uncertainty. While the slump marked a 6% drop from recent all-time highs, analysts described the correction as part of a “healthy market reset” rather than a deeper bearish trend [4].

The transaction’s impact extended beyond price movements. Santiment observed a shift in investor sentiment, noting Bitcoin and XRP had exited the “greed zone” post-selloff, a potential reversal signal [5]. Citigroup analysts separately forecasted Bitcoin could reach $135,000 by year-end, citing demand for spot ETFs and favorable macroeconomic conditions. However, the firm’s prediction was framed as a “best-case scenario,” with actual outcomes dependent on market dynamics [6].

Market observers emphasized the role of institutional activity in shaping Bitcoin’s trajectory. While large Bitcoin transactions decreased by 13.4% in July, Ethereum saw a 5.2% increase, highlighting divergent investor behavior. Galaxy’s $9 billion sale, however, stood out for its scale and the timing of the seller’s participation in the market [7]. Critics raised concerns about the risks posed by unanticipated large-scale exits, particularly amid regulatory uncertainties and macroeconomic headwinds.

Bitcoin stabilized near $117,300 in the subsequent session, with retail fear metrics rising but broader indicators suggesting a potential buying opportunity. The event underscored both the maturing liquidity of the crypto market and the influence of major players like Galaxy Digital in navigating price volatility. As the market digests the transaction, analysts remain cautious about long-term stability, with outcomes hinging on macroeconomic factors and the behavior of large holders.

Sources:

[1] [Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC](https://www.coindesk.com/markets/2025/07/25/bitcoin-rebounds-after-galaxy-completes-sale-of-usd9b-btc-from-satoshi-era-whale)

[2] [Bitcoin Falls 3% After Galaxy Digital's $9B BTC Sale](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-3-galaxy-digital-9b-btc-sale-triggers-market-pressure-2507/)

[3] [Galaxy Digital Completes $9 Billion Bitcoin Sale for Satoshi](https://www.rootdata.com/news/142105)

[4] [Galaxy Digital Completes Sell-Off](https://cryptopotato.com/is-this-the-ultimate-bullish-signal-for-btc-and-xrp/)

[5] [Is This the Ultimate Bullish Signal for BTC and XRP?](https://cryptopotato.com/is-this-the-ultimate-bullish-signal-for-btc-and-xrp/)

[6] [Bitcoin Could Reach $135,000 By Year-End](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-surges-117k-galaxy-completes-80k-btc-sale-early-investor-2507/)

[7] [Bitcoin Holds Ground As Ethereum, XRP, Dogecoin Wobble](https://finance.yahoo.com/news/bitcoin-holds-ground-ethereum-xrp-183107105.html)