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crypto Queen Abrash

07/30 17:45

Massive Bitcoin Transfer Sends Market into Turmoil

Massive Bitcoin Transfer Sends Market into Turmoil

Bitcoin recently plunged to $115,080, marking its lowest point in two weeks. This decline was largely triggered by a significant transfer made by Galaxy Digital, which moved 10,000 BTC, equivalent to approximately $1.18 billion, to cryptocurrency exchanges. At the time the report was composed, Bitcoin was trading around $115,404, marking the lowest threshold recorded since July 10.

Impact of Galaxy Digital’s Bitcoin Sales

According to Lookonchain, financial services firm Galaxy Digital conducted a massive transfer of 10,000 BTC from its commercial portfolio to cryptocurrency exchanges. This transaction occurred at 07:26 Turkish time. Analysts suggest that this operation was a profit-taking move

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