Market Sentiment Shaken but Not Stirred: Galaxy Digital Unveils Historic $9 Billion BTC Sale

Galaxy Digital sells $9B in BTC, but Bitcoin quickly recovers – Here’s how

July 26, 2025 – In a shocking revelation, Galaxy Digital has confirmed that it facilitated the sale of an astonishing 80,000 Bitcoins (BTC) worth approximately $9.4 billion on behalf of a Satoshi-era wallet. Despite this massive sell-off, Bitcoin (BTC) prices barely budged and have since quickly recovered.

The transaction, which is believed to be one of the largest in history, was part of an investor’s broader estate planning strategy. Galaxy Digital did not disclose the exact execution date or price of the sale. However, data from Lookonchain revealed that a significant amount of BTC was transferred throughout the day, with most being sent to exchanges and subsequently sold.

The unexpected news led to fears of a local top, as Bitcoin plummeted by 3.15% on July 25th, dipping as low as $114,700. However, in an astonishing display of market resilience, Bitcoin rebounded swiftly, recovering to its previous highs within a span of just 24 hours.

Market observers have attributed this swift recovery to fervent demand and strong absorption of the sold BTC by the market. In a tweet, Joe Consorti, head of Theya, a BTC custody infrastructure company, expressed surprise at the transaction’s minimal impact on price. “80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” he wrote.

The news has sent ripples through the cryptocurrency community, with many now questioning whether this monumental sell-off could mark the end of the current bull cycle. However, it remains unclear how much more selling pressure lies ahead or if new buyers will emerge to support prices.

While some are already eyeing a potential local top amidst signs of profit-taking, others believe that Bitcoin’s ability to absorb such a massive sell-off without flinching is a testament to its growing mainstream adoption and the increasing presence of institutional investors in the market.

Source: ambcrypto.com