GalaxyDigital has moved 30,000 #BTC worth approximately $3.9 billion to exchanges, likely with the intention of selling them.
- A few hours ago, they sold 10,000 BTC worth $1.18 billion.
- They still hold 11.5K BTC unsold.
- The whales sell through Galaxy Digital because it is a firm specializing in institutional trading that facilitates the sale of large volumes of Bitcoin through OTC (over-the-counter) transactions. This allows transactions to be executed outside the open market to avoid sudden price movements, maintain seller confidentiality, comply with financial regulations, and ensure more efficient, secure, and strategic execution for clients such as funds, whales, or custodians of old crypto capital.
