Galaxy Digital Dumps $9B in Bitcoin—Here’s Why the Market Didn’t Flinch and What It Means for Your Portfolio
The price has formed a range over the past two weeks. Marked in orange, this range extended from $116.7k to $112.7k.
The drop on the 25th meant that the market structure was bearish, and a deeper reset toward $111k was possible.
Whale-driven selling may have contributed to this move, coinciding with broader signs of profit-taking. Exchange inflows surged earlier in the week, triggering fears that a market-wide unwind was underway.
Analysts weigh in
A $9 billion Bitcoin sale barely made a dent in price. In a post on X, Joe Consorti, head of Theya, a BTC custody infrastructure company, wrote
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