Galaxy Digital just moved 10,000 BTC like it’s Uber Eats delivery, and the crypto world’s collectively gasping like, “is this a heist?” 😅 The price tanked 3% faster than my dating app profile after a bad breakup. Bitcoin’s currently trading at $115K, which is basically “all-time high” with a side of regret. 🤷♂️
80,000 BTC Unloaded: A Whale Awakes (Or Just a Sleepy Fish?)
A Bitcoin whale older than my Spotify Wrapped list just sold off 80,202 BTC, and we’re all just here like, “was that a whale or just a really big fish?” The stash, valued at nearly $10B, was liquidated like it’s Tuesday night trash TV—split across three days, with the final 40K sent to Galaxy six hours before the chaos began. 🐳💥
Lookonchain says Galaxy might’ve already sold that 10K BTC and cashed out $370M in USDT from Binance, OKX, and Bybit. “Settlement for OTC trades,” they call it. I call it “adulting for crypto whales.”
Market panic began when Galaxy’s OTC desk started sending BTC to exchanges like it’s a group chat with no ‘read receipts.’ Then, those exchanges sent USDT back like, “here’s your money, but make it emotional.” The whale? Probably sipping champagne in a bunker. 🏰
— AB Kuai.Dong (@_FORAB) July 25, 2025
*“The bad news is, they haven’t finished selling yet. The good news is, the market has only dropped this much so far,” said AB Kuai Dong, because nothing says optimism like counting losses in crypto 🤷♂️.
Novogratz: Still Bullish, But on Ethereum
Michael Novogratz, CEO of Galaxy Digital, is now Ethereum’s biggest cheerleader… while Bitcoin’s left sipping lukewarm tea. “There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months,” he said. Classic crypto pivot: “Oops, wrong token. Let me try again.”
Meanwhile, companies like BitMine Immersion, Sharplink Gaming, and Ether Machine are hoarding 1.3M ETH like it’s Black Friday sales. Valued at $5B, it’s enough to buy every avocado toast in New York City… twice. 🥑
Top 10 Public Companies by ETH Holdings: SharpLink Gaming, Bitmine Immersion, Coinbase, etc. CoinGecko says it all. “This is how you win crypto Monopoly,” says the board game in my closet. 🎲
— CoinGecko (@coingecko) July 25, 2025
Ethereum’s currently trading at $3,630, which Novogratz says could hit $4K. Meanwhile, he’s betting Bitcoin could go to $150K. “Sure, why not? Let’s all pretend we’re Warren Buffett’s crypto twin.”
What About BTC Price?
PlanB, the Stock-to-Flow guy, says Bitcoin’s overbought for the next few months. “In previous bull cycles, RSI stayed above 75 like it’s a Netflix binge,” he claims. Meanwhile, he insists Bitcoin’s 10x undervalued, and Wall Street’s “excessively betting” on it. Classic: “I told you so” meets “please don’t take my life savings.” 💸
So, is this the end of Bitcoin’s dream run, or just a mid-cycle nap? Only time will tell, and honestly, I’m just here hoping my crypto doesn’t turn into a metaphor for my love life 💔.
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2025-07-25 17:18