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Bitcoin has experienced massive volatility following confirmation that Galaxy Digital executed the sale of 80,000 BTC on behalf of a long-term client. The firm’s July 25 press release revealed that the transaction, one of the largest notional Bitcoin sales in history, was successfully completed and immediately shook the market. The news quickly spread across the crypto space, triggering speculation and sharp price fluctuations.
At its peak, Bitcoin recently touched the $123,000 mark, but the announcement spurred heavy selling and raised concerns that this might mark a local top. Short-term holders began realizing losses as the price pulled back, while analysts debated whether this historic exit signals distribution
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