Bitcoin, that fickle lover of the financial world, has taken a dramatic step back, recently whispering sweet nothings to the $115,000 level after failing to scale the lofty heights of $123,000. The correction, now a hefty 6%, is making short-term investors feel like they’ve been kicked in the shins by a confused kangaroo. Market sentiment? More anxious than a squirrel in a hurricane. 🐿️💥
Adding to the chaos, top analyst Darkfost revealed that the Galaxy Digital-linked wallet address bc1q0phe…—a mysterious entity known as the 80K BTC whale—has gone full Houdini, ramping up its selling antics. This wallet, which recently received a dragon’s hoard of 40,000 BTC, began offloading it like a miser with a panic attack. 🧨
This sudden surge in supply is like a rogue elephant in a china shop, crashing through market expectations. Yet, despite the short-term turbulence, Bitcoin’s larger uptrend remains as stubborn as a mule. Long-term holders and institutional demand are the unsung heroes, holding the fort like a group of overly confident knights. 🛡️
Whale Activity Intensifies: Galaxy Digital Unleashes $2.6B in Bitcoin Sales
According to on-chain analyst Darkfost, Galaxy Digital has decided to throw a party and invite all the Bitcoin to the exchanges, resulting in a $2.6B sale. These funds, like confetti, were scattered across Binance, Bitstamp, Coinbase Prime, OKX, Bybit, and a few shadowy wallet addresses. This aggressive distribution signals a wave of liquidity entering the system, just as Bitcoin faces increased volatility. 🎉
The activity originates from the address bc1q0phe…, linked to Galaxy Digital and previously identified as holding over 40,000 BTC from prior accumulation phases. Despite today’s massive transactions, the wallet still retains 10,000 BTC, or around $1.1 billion in unrealized value. This remaining supply is like a ticking time bomb, waiting for the right moment to detonate. ⏳
With Bitcoin now consolidating near the $115,000 level and short-term investors under pressure, the next few trading sessions will be critical. Analysts expect heightened volatility, rapid price swings, and potential capitulation events if the remaining BTC from Galaxy Digital enters the market. On the flip side, sustained demand from institutional buyers and long-term holders may provide strong support and absorb selling pressure. 🧠
BTC Tests Support Amid Volatility Spike
The 8-hour chart shows Bitcoin taking a nap after a long sprint, now napping around $116,400 after a brief dip to $115,000. This correction places BTC just below the 50-period moving average (blue line at $117,260), suggesting that short-term momentum is softening. However, the price remains well above both the 100-period and 200-period moving averages, which are currently holding at $112,202 and $109,316, respectively—indicating that the broader uptrend remains intact. 🐢
Volume has notably increased during the recent dip, hinting at strong market participation as Bitcoin tests support. The yellow line at $115,724 marks a key horizontal level, which coincides with the lower boundary of the tight range BTC has respected for nearly two weeks. A clear breakdown below this zone would expose downside risk toward the $112,000 area, but so far, the support is holding. 🛡️
The chart reflects growing volatility and indecision, but no clear breakdown yet. For bulls, reclaiming the $117,260 level is crucial to regain momentum and challenge the $122,077 resistance again. Until then, the market may remain in a consolidation phase, digesting recent gains amid heavy whale activity and broader macroeconomic uncertainty. The coming sessions will likely define the next leg. 🚀
Read More
- USD GEL PREDICTION
- SPX PREDICTION. SPX cryptocurrency
- Gold Rate Forecast
- GBP AED PREDICTION
- EUR USD PREDICTION
- USD PHP PREDICTION
- EUR JPY PREDICTION
- EUR AUD PREDICTION
- AVAX PREDICTION. AVAX cryptocurrency
- APT PREDICTION. APT cryptocurrency
2025-07-26 00:14