Massive liquidation and whale movement Galaxy Digital and other big holders transferred about US$ 3.7 billion in Bitcoin to exchanges on Friday (Jul 25). The large inflow caused the price to drop 1.8% to US$ 116 365 and pushed daily volume up 37%. More than US$ 531 million in options positions—mostly longs—were liquidated, clearing excessive leverage from the marketdecrypt.codecrypt.co. Cointelegraph added that 213 729 traders were liquidated, for nearly US$ 600 million in losses