Oh, Bitcoin. The digital rollercoaster that keeps on giving—or taking, depending on your luck. Today, BTC dipped to $115,363, a 2.6% drop in just 24 hours. And you know what that means? Panic stations everywhere! 🚨📈 Social media was ablaze with doomsday tweets faster than you can say “HODL.” But guess what? On-chain data tells a slightly less dramatic story: it’s Mike Novogratz and Galaxy Digital doing their usual “sell first, ask questions later” routine.
Yep, Galaxy Digital reportedly moved 11,000 BTC (that’s BILLION with a B) and yanked over $1.15 billion in USDT from exchanges. Not exactly subtle, is it? This isn’t the first time they’ve been dumping Bitcoin like last week’s leftovers. In fact, since mid-July, there’s been a steady stream of BTC flowing out of Galaxy’s coffers, all while Novogratz kept chirping about how Bitcoin was going to the moon. 🌕🙄
Galaxy Exits, Adam Back Enters… With Sass 😏
While everyone else was busy freaking out, Adam Back—yes, *the* Adam Back—decided to make things interesting. He casually dropped an update online confirming that he’d bought the dip. From his personal account. No big deal. Just your average billionaire saying, “Eh, I’ll take some of that cheap Bitcoin, thanks.” 💸
Novo sold – and not using TWAP apparently😁 personally I woke up this morning, saw BTC down, smashed buy. Thanks for the cheap sats @novogratz 👍
— Adam Back (@adam3us) July 25, 2025
Of course, because nothing in crypto stays simple, earlier this year, people started whispering about dormant wallets linked to Back offloading 80,000 BTC through Galaxy. Cue the conspiracy theories! 🤔 But leave it to Back to clear things up with his trademark sarcasm: “Nope, wasn’t me selling. Was me buying. You’re welcome.” Classic move.
So here we are again, watching Bitcoin dip below key levels while institutions and individuals play their never-ending game of financial chicken. One side dumps; the other buys. Meanwhile, the rest of us sit around refreshing price charts and wondering if we should order pizza or invest our life savings. 🍕💸 For now, though, one thing’s certain: Adam Back is still stacking sats like it’s going out of style. Godspeed, sir. 🙌
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2025-07-25 19:05