Galaxy Digital $1.5B BTC Transfer Cause $706M Liquidations
Galaxy Digital don move total 12,850 BTC ($1.5B) go exchanges within few hours. This big Bitcoin transfer make selling pressure strong well well and push BTC reach two-week low near $115,080. Lookonchain data show say the outflow spoil buyer mood finish and stop price from recovery. The rise for sell orders trigger $706.7M liquidations within 24 hours, $551.7M come from leveraged long positions. Whale trader AguilaTrades suffer partial liquidation for 20× long, lose $2.1M and carry $4M deficit, their portfolio shrink to $37M. CoinGlass data show say forced closures spike as volatility increase. All these development show how Bitcoin dey sensitive to whale movement and how market dey weak. Traders need to dey watch ongoing selling pressure and manage risk when dem dey use leverage.
Bearish
Galaxy Digital big big BTC waka go exchang dem flood market wit sell orders. This one cause pass $706M liquidation and make price dey fall more. Whale waka dem dey mean say supply go increase, e dey hold short-term Bitcoin rallies. Even though liquidation of leveraged positions fit make market stable later, di immediate effect na bearish, as traders dey forced to close position and volatility increase. This one fit agree say big whale movements dey increase risk and make market recovery hard.