Bitcoin OG Whale Moves 40,000 BTC To Galaxy

Bitcoin OG Whale Moves 40,000 BTC To Galaxy
If This Happens, Bitcoin Price Will Shoot To $140,000, Says Analyst

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It has brought one portfolio that has not been touched since 2011 in the market overnight, where it recorded 40,009 BTC – about $ 4.68 billion at prevailing prices – to the Galaxy Digital commercial giant. The title was held 80,009 BTC in total and was not transferred to money before in the modern era. According to Sleute Lookonchain, “Bitcoin OG with 80,009 BTC ($ 9.46 B) converted 40,009 BTC ($ 4.68 B) to Galaxy Digital”, and Galaxy was deposited directly 6000 BTC ($ 706 million) to Binance and Binance. “

Bitcoin Og whale wake up

Activity Start Monday evening late Monday (UTC). First, 9000 BTC – 1.06 billion dollars – a sleeping wallet, followed by an hour of 7,843 BTC (927 million dollars) over the following five hours, several smaller segments in Galaxy Digital accounts before the decisive batch that raised the total operation to 40,009 BTC. Blockchain explorers show that the currencies that originated from the Becch32 title, which first obtained block bonuses in early 2011, when Bitcoin changed for less than one US dollar.

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It is worth noting that Galaxy Digital runs one of the largest excessive offices (OTC) in the industry and regularly mediates the blocs trading of institutions that seek to avoid slipping in public places. The company announces “excellent implementation” and the provision of liquidity on request for trades, which are very large for the implementation of the request book.

Therefore, analysts read on the wallet choosing the corresponding wallet as a sign that the owner intends to liquidate at least part of the treasure in Brakhari instead of publishing it in Defi or cold storage. Within hours of receiving coins, Galaxy divided 6000 BTC between Binance and bybit, the two places that are currently deploying the deepest liquidity of Spot -BTC.

Bitcoin just printed the highest level of $ 12,153 on July 14, backed by the “Crypto Week” legislative in Washington. Since OG’s overall whale transactions hit MEMPOOLS, instant prices fell by more than 6 %, and slipped from $ 123,000 to the lowest level of the day near $ 115,700 before stabilizing about $ 116,900 at the time of the press.

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With half of the hidden now under Galaxy control and only part of the deposit, merchants are preparing for more transfers. If Galaxy executed the OTC Cross, the effect may be steadfast; If the coins are bleeding in request books, the bids are $ 112,000 – will face $ 115,000 a major test.

U.S. inflation data reduces feelings

However, today’s low prices cannot be attributed to OG’s action; Co -coincided with the American Statistics Statistics Office in June, which showed the main consumer prices increased by 0.3 % on the basis of the month and 2.7 % on an annual basis – from 2.4 % in May – while the basic consumer price index increased by 0.2 % on the month and 2.9 % over the year.

The modest print pushed the dollar index above 95.5, and risk assets have been wandering since then. “The basic procedure on the dollar tells you to a large extent with everything you need to know about this consumer price index report – which has been mixed and the market tries to digest and know the direction today,” Note Dan Checks Trading on X.

At the time of the press, BTC amounted to $ 116,972.

Bitcoin price
BTC price, one -day graph source: BTCUSDT on Tradingview.com

Distinctive image created with Dall.e, Chart from TradingView.com

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