{"id":38733,"date":"2025-07-25T07:16:49","date_gmt":"2025-07-25T07:16:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38733"},"modified":"2025-07-25T07:16:49","modified_gmt":"2025-07-25T07:16:49","slug":"bitcoin-price-dives-to-2-week-low-as-galaxy-digital-offloads-1-5b-in-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38733","title":{"rendered":"Bitcoin Price Dives to 2-Week Low as Galaxy Digital Offloads $1.5B in BTC"},"content":{"rendered":"
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Bitcoin\u2019s price tumbled by more than four grand in the past 12 hours or so amid reports that Mike Novogratz\u2019s Galaxy Digital has initiated a substantial sell-off for roughly $1.5 billion in BTC.<\/p>\n

The move south has harmed over-leveraged traders, with nearly 150,000 such market participants getting liquidated on a daily scale.<\/p>\n

\"BTCUSD.<\/a>
BTCUSD. Source: TradingView<\/figcaption><\/figure>\n

The primary cryptocurrency remained in a relatively tight range between $117,000 and $120,000 for the past week, ever since it was pushed south from its latest all-time high of over $123,000.<\/p>\n

It challenged the upper boundary on a couple of occasions on Wednesday and Thursday, but to no avail. The latest rejection, which took place hours ago, was particularly painful as it drove BTC south to its lowest price tag since July 11 at $115,000.<\/p>\n

This violent correction appears to be at least partially related to Galaxy Digital\u2019s decision to dump a substantial portion of its BTC stash. As reported by Lookonchain, the Novograz-spearheaded company first deposited 10,000 BTC (valued at $1.18 billion at the time) to exchanges before initiating withdrawals of USDT.<\/p>\n

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Looks like #GalaxyDigital<\/a> has already dumped the 10,000 $BTC<\/a>($1.18B)!<\/p>\n

Over the past 3 hours, they\u2019ve withdrawn 370M $USDT<\/a> from #OKX<\/a>, #Binance<\/a>, and #Bybit<\/a>.<\/p>\n

Meanwhile, $BTC<\/a> has dropped over 3% in the past 8 hours.https:\/\/t.co\/SAD8JLS3TU<\/a> pic.twitter.com\/t0ETxWlw3s<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) July 25, 2025<\/a><\/p>\n<\/blockquote>\n