{"id":38877,"date":"2025-07-25T22:16:54","date_gmt":"2025-07-25T22:16:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38877"},"modified":"2025-07-25T22:16:54","modified_gmt":"2025-07-25T22:16:54","slug":"bitcoin-rebounds-after-galaxy-completes-sale-of-9b-btc-from-satoshi-era-whale","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38877","title":{"rendered":"Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale"},"content":{"rendered":"
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Bitcoin (BTC) rebounded on Friday from its overnight dip below $115,000, back to its familiar range it traded for the past two weeks.<\/p>\n

The largest crypto recently changed hands at $117,200, still down 1.2% over the past 24 hours.<\/p>\n

Some<\/a> analysts<\/a> noted the dip coincided with asset manager Galaxy moving large amount of BTC to exchanges overnight, likely related to the bitcoin whale<\/a> that sent this month around $9 billion worth of BTC to trading desks. The wallets held BTC since the early years of Bitcoin’s history, transferred the assets in after being dormant for more than a decade.<\/p>\n

Later on Friday, Galaxy confirmed<\/a> that it completed the sale of all 80,000 BTC on behalf of a client, touting it as “one of the largest notional bitcoin transactions in the history of crypto.”<\/p>\n

The sale was part of the investor’s estate planning strategy, the firm said.<\/p>\n

With the selling pressure by the whale now past, some analysts predicted the lows could be in or close.<\/p>\n

John Glover, chief investment officer of crypto lender Ledn, said that BTC could put in a local bottom on Friday or over the weekend before continuing its push to new records, according to his Eliot wave analysis.<\/p>\n

\"Bitcoin<\/p>\n

“Once completed (either today or over the weekend) I expect that we will complete wave iii by rallying to circa $132,000,” Glover said in a market note.<\/p>\n

Read more: XRP, DOGE, SOL Lead Crypto Selloff, But Altcoin Season Still in Play if This Happens<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) rebounded on Friday from its overnight dip below $115,000, back to its familiar range it traded for the past two weeks. The largest crypto recently changed hands at $117,200, still down 1.2% over the past 24 hours. Some analysts noted the dip coincided with asset manager Galaxy moving large amount of BTC to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38877","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38877"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38877\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}