Analyst: [80k BTC Ancient Whale] Selling Pressure may soon be fully absorbed by the market, with only 12k BTC remaining unsold
BlockBeats News, July 25th, on-chain data analyst Yu Jin posted on social media that today Galaxy Digital's address sent out 22,610 BTC (approximately $26 billion) to multiple addresses and exchanges, after which the 80,202 BTC (approximately $9.53 billion) of the [80,000 BTC Ancient Whale] has already seen sell pressure or has already been absorbed by 68,000 BTC. With another wave of selling, the coins of the [80,000 BTC Ancient Whale] could be completely absorbed.
Since July 15th, when the [80,000 BTC Ancient Whale] started transferring BTC to Galaxy Digital for sale to date, a total of about 68,000 BTC has been transferred to multiple exchange platforms and addresses in quantities of a few hundred BTC per transaction. The sales method should be secondary market sales and OTC. Among them:
14,000 BTC entered Binance;
8,975 BTC entered Bitstamp;
7,420 BTC entered Bybit;
7,150 BTC entered OKX;
And approximately 30,400 BTC was transferred to multiple independent addresses (possibly OTC buyers).
That is, the BTC of the [80,000 BTC Ancient Whale] still has about 12,000 BTC (approximately $1.38 billion) yet to be sold, and with the current market liquidity, absorbing the remaining coins will not have a significant impact.
You may also like

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

Blockchain Capital Partner: The Core Secret of Arbitrage

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

