u.today
According to data provided by CryptoQuant, the wallets associated with Galaxy Digital recently saw a sharp outflow of roughy 200 BTC.
Such moves tend to indicate short-term selling pressure, which is getting rather extreme .
In July, for instance, Galaxy famously announced it executed a sale of more than 80,000 BTC, valued at over US $9 billion (based on then‑market prices), on behalf of a “Satoshi‑era investor.”
This was a client transaction, meaning that selling from its own treasury.In the third quarter of 2025, Galaxy reported that its “digital asset trading volumes” increased significantly, and that it executed the sale of more than 80,000 BTC in that quarter.
The Q3 report frames the volume as part of Galaxy’s platform business (client services) rather than strictly internal treasury liquidation.
It raises the possibility that the large sale was integrated into the firm’s broader trading business.
Bitcoin’s rapid plunge
Earlier today, the price of Bitcoin slipped below the $95,000 level for the first time since May.
Investors reduced hopes that the Federal Reserve will cut interest rates soon. This makes “risk assets” (like Bitcoin) less attractive compared with safer investments (bonds, cash), so money flows out of crypto.
With tighter financial conditions, markets become more cautious and prone to selling‑risk, which drags on crypto.
Earlier today, the price of Bitcoin plunged below the $95,000 level.
Meanwhile, institutional flows into Bitcoin (and crypto in general) are thinning. Big funds and ETFs aren’t adding as much, which removes a key “support” under the price. On‑chain and derivatives data show sellers dominating: more outflows, more put option activity.
At the same time, large holders are moving coins or selling, creating psychological and actual pressure.