Bitcoin Whale Move 80,201 BTC Go Galaxy Digital
For early July, one Satoshi-era Bitcoin whale move total 80,201 BTC—wey worth about $9.6 billion—go custody Galaxy Digital for two deposits: 40,009 BTC on July 2 and 40,192 BTC on July 6. Dis Bitcoin whale sef send over 6,000 BTC go Binance and Bybit exchanges. Blockchain analytics company Lookonchain flag dis as the whale first onchain transfer since 2011 and 2021. After Bitcoin reach pass $122,000 on July 14, e holding skyrocketed pass $9.7 billion. Komodo CTO Kadan Stadelmann talk say the transfer fit mean profit-taking, wallet consolidation, or new biz funding, no be immediate sell-off. Pseudonymous trader Marty Party reason say Galaxy Digital fit don buy the 80K BTC, sell part, keep the rest for operations.
Neutral
For short term, di whale dem transfer fit shake market sentiment and trading volume as people dey watch for sign of selling. But to move most of di money enter Galaxy Digital custodian, e reduce immediate sell pressure. For long term, dis withdrawal dem align wit portfolio balance—profit taking, better security, or to fund new business—no be bearish catalyst. Industry talk say di funds go still dey under managed custody or dem go use am strategically, meaning e no go affect Bitcoin price direction negatively.