Large-scale disposal of Bitcoin worth approximately $9 billion by Galaxy Digital fails to induce a stock market crash.
In a significant move for the cryptocurrency market, Galaxy Digital executed a large-scale Bitcoin sale on July 25, 2025. The transaction, worth over $9 billion, marked one of the largest notional Bitcoin transactions ever recorded. However, the identity of the early Bitcoin holder who sold the 80,000 BTC remains undisclosed.
The sale was conducted via over-the-counter (OTC) mechanisms, avoiding direct open-market dumping. This strategic approach is becoming increasingly common as institutions, ready buyers for clean, seized Bitcoin at fair market value, enter the market.
Interestingly, the Bitcoin sold was from a wallet last active in 2011, making it a dormant BTC from the Satoshi era. The Bitcoin market remained stable after the sale, with a minimal drop of approximately 1% and trading sideways for the week. This calm response suggests strong liquidity and demand for Bitcoin.
Recent research indicates that Bitcoin Exchange-Traded Funds (ETFs) alone absorbed over 11,000 BTC in the past 30 days, countering any selling pressure. This trend further supports the market's resilience and stability.
On-chain analyst JA_Maartun confirmed that the addresses linked to the transaction matched those that moved 80,000 BTC earlier this month. Whale activity has surged in recent months, with early holders increasingly looking to realize gains, some after a decade of inactivity. Despite occasional profit-taking, aggregate whale holdings have reached record highs, indicating renewed accumulation.
Whale addresses holding 1,000+ BTC (worth over $117 million) are increasing steadily. This trend suggests that large Bitcoin holders are becoming more active in the market, potentially influencing its direction.
Meanwhile, the UK government plans to offload over 61,000 BTC, worth roughly $7.18 billion, tied to criminal seizures. The market's response to this sale will be a key indicator of its ability to absorb large volumes of Bitcoin without significant volatility.
In the past, large Bitcoin moves from dormant wallets have led to double-digit percentage drops. However, the calm response to the recent sale suggests that the market has evolved in terms of liquidity, stability, and institutional sophistication.
Sources:
- Galaxy Digital Q2 2025 Results
- Galaxy Digital's 80,000 BTC Sale Announcement
- Additional Information about the Sale
- Analysis of the Sale's Impact on the Market
- Market Analysis Post-Sale
- CryptoQuant's Suggestion about the Sale's Origin
- The sale of 80,000 BTC by Galaxy Digital on July 25, 2025, worth over $9 billion, was executed through over-the-counter mechanisms to avoid direct open-market dumping.
- The Bitcoin sold in this transaction was from a wallet last active in 2011, making it a dormant BTC from the Satoshi era.
- Interestingly, recent research indicates that Bitcoin Exchange-Traded Funds (ETFs) alone absorbed over 11,000 BTC in the past 30 days, countering any selling pressure.
- The Bitcoin market remained stable after the sale, with a minimal drop of approximately 1% and trading sideways for the week, suggesting strong liquidity and demand for Bitcoin.
- On-chain analyst JA_Maartun confirmed that the addresses linked to the transaction matched those that moved 80,000 BTC earlier this month, indicating whale activity.
- Whale addresses holding 1,000+ BTC (worth over $117 million) are increasing steadily, suggesting that large Bitcoin holders are becoming more active in the market, potentially influencing its direction.
- The UK government plans to offload over 61,000 BTC tied to criminal seizures, and the market's response to this sale will be a key indicator of its ability to absorb large volumes of Bitcoin without significant volatility.
