This week, Bitcoin seems to have lost its sprinter legs. No diving around $ 110,000, no breakthrough either beyond $ 120,000. The flat calm, or almost. This lack of movement perplexes the crypto observers. The king of the market is content to stay inside a narrow fork, as if he held his breath. And this silence worries as much as it intrigues.
In short
- Galaxy Digital has moved 80,000 BTC to exchanges, causing strong selling pressure.
- Technical support at $ 113,500 becomes a psychological barrier for Crypto investors.
- The activity of the whales suggests a strategic repositioning which could precede a more active phase.
- A previous massive sale had sparked an Altcoin rally, scenario that some hope to see repeated.
Galaxy Digital makes the Bitcoin boat pitch
Bitcoin news: when you look for a cause, you often end up finding Galaxy Digital. This Crypto finance giant has, according to data, transferred more than 80,000 BTC to exchange platforms in recent weeks. Just July 26, they are 12,850 BTC, or 1.5 billion dollars, which would have been sold.
Daan Crypto Trades, a well -known trader, did not fail to underline it on X: ” Bitcoin tests the bottom of its fork and swept away local liquidity. A break in this area could lead to a test around $ 113,500 ».
These massive movements are not harmless. They disturb the fragile market balance. Vishal Techzone goes further ::
Galaxy Digital has just transferred nearly $ 30,000 BTC worth $ 3.5 billion, most of which were directly exchanged.
For some, this purge could however prepare the ground for a Resumption of altcoins. Ether Wizz recalls That during the latest Galaxy sales wave, the alternative market had jumped shortly after.
The crypto market holds its breath, keyword key levels
While Galaxy shakes the tree, the crypto market scrutinizes the soil to the search for anchor points. Bitcoin is struggling to extricate itself from its range. Her Support at $ 113,500 becomes a psychological and technical rampart. Its rupture could open the way to more severe turbulence.
In the meantime, analysts juggle the figures. Caution is in order, and pending orders are densified.
Zoom on striking figures:
- 80,000 BTC have been transferred to the Exchanges from the portfolios associated with Galaxy Digital;
- 12,850 BTC were liquidated in one day, for a value of $ 1.5 billion;
- $ 113,500 is now the level of support closely monitored by traders;
- Galaxy withdrew $ 1.15 billion in USDT after sales, revealing strategic repositioning;
- A past massive sale had sparked an altseason, a precedent that some hopes to see replay.
Despite this climate of uncertainty, a dynamic crypto is being set up. Volatility, to subscribers absent for the moment, could go to gallop if a break takes place.
In this apparent vagueness, some investors keep their eyes riveted on the horizon. A whale recently bet 23 million dollars on a Bitcoin $ 200,000 by 2026, via Deribit options. A crazy bet? Maybe. But in the crypto universe, today's utopia sometimes becomes the norm of tomorrow.
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