Galaxy Digital has moved almost 3,800 BTC, or around $ 450 million, to exchange platforms. Despite this, Bitcoin remains stable around $ 119,000, without a sign of panic. Even a brief drop to $ 117,000 was not enough to reverse the trend.
In short
- Galaxy Digital sold 3,782 bitcoins. Despite this massive transfer to the exchange platforms, the price of Bitcoin remained stable.
- Unlike the fall observed after the sale of 80,000 BTC the previous week, this time, no panic has followed.
A massive sale without mass effect
Galaxy Digital, well known for its movements capable of shaking courses, transferred 3,782 BTC to exchange platforms. A gesture which, in other times, would have had the market wave. However, none of this. The flavored BTC has resumed colors by reaching $ 119,000 before stabilizing around 118,800 dollars.
This resilience clearly contrasts with the panic of the previous week. Indeed, during the latter, the massive sale of 80,000 BTC, which had been dormant for 14 years, had caused a dive at 114,500 dollars.
The lack of reaction this time reflects a paradigm shift: investors are no longer guided by fear.
The figures speak for themselves: a quick return to the $ 119,000 area despite a temporary incursion at $ 117,000. The “GAP” of the Filled CME, the market continues its breathing, regulated, but not panicked.
Bitcoin: a structural force in the submarine
Technical indicators show An increasingly solid base. The support of the $ 117,480, corresponding to the simple mobile average over 21 days, plays its role of anchor point. As long as Bitcoin holds this level, the bullish keeps the hand.
On the side of seasoned traders, we remain cautious, but lucid. Daan Crypto Trades underlines the disturbing regularity with which the GAPS of the CME are filled each start of the week, as a mechanics which have become self-fulfilling. This strengthens the idea of a market in the more mature structuring phase than it seems.
However, some remain on the alert. Lower divergences are emerging on the horizon, as the Roman trader notes, which evokes a possible withdrawal of Bitcoin around 108,000 dollars. This scenario, although plausible, does not seem to arouse the same feverishness as before. The market digests. He cashes. He anticipates.
This new episode may mark a turning point. Where the threat of a massive sale was formerly sufficient to trigger cascade sales, Bitcoin now seems to be supported by a more institutional, more patient base. The media noise dulls, the large carriers become predictable, and the folds are less panic than strategic.
Clearly, the most famous digital asset in the world is gaining maturity. He is no longer this volcano ready to explode at the slightest shock, but a mined land that only the most seasoned can read.
And while some go a hypothetical fall in Bitcoin, others build in the shadows.
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