The post Bitcoin Plunges as Galaxy Digital Deposits $1.5 Billion Worth of BTC to Exchanges appeared on BitcoinEthereumNews.com.

According to data provided by analytics firm Lookonchain, financial services firm Galaxy Digital, which operates as a proprietary trading desk, deposited 10,000 BTC (roughly $1.18 billion) to exchanges a few hours ago.  This has likely contributed to a rather sharp Bitcoin price drop that occurred earlier this Friday. At 4:26 a.m. UTC, the price of the top coin plunged to an intraday low of $115,125, which is the lowest level since July 10.  For now, Bitcoin is struggling to recover, currently trading at $115,564. As reported by U.Today, a Satoshi-era whale recently moved their remaining $4.77 billion to Galaxy Digital. Lookonchain has clarified that the aforementioned 10,000 BTC specifically come from that O.G. whale.  You Might Also Like The sell-off appears to be far from over. According to Lookonchain, Galaxy Digital just sent another 2,850 BTC (roughly $330 million) to exchanges roughly 20 minutes ago, putting more pressure on Bitcoin bulls. Massive whale gets liquidated  Following the sharp Bitcoin drop, AguilaTrades, a mysterious whale widely tracked by the community, ended up being partially liquidated on his massive 20x long position. The whale lost $2.1 million from that liquidation.  Following the liquidation, the whale continues to hold a BTC position with a floating loss of $4 million. The whale’s overall portfolio is now down to $37 million.  According to CoinGlass data, $706.66 million have been liquidated over the past 24 hours, with long positions accounting for the lion’s share of the wipeout ($551.67 million). Source: https://u.today/bitcoin-plunges-as-galaxy-digital-deposits-15-billion-worth-of-btc-to-exchanges

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Filed under: News - @ July 25, 2025 7:40 pm