Galaxy Digital transfers about 30,000 Bitcoins on the day..."Evidence of partial liquidation"
Summary
- Galaxy Digital announced that it transferred around 30,000 BTC to external wallets.
- It was reported that a large portion was moved to centralized exchanges and that there is evidence of partial liquidation.
- Galaxy Digital stated that its Bitcoin holdings dropped by about 60% to 18,504 BTC.
Virtual asset (cryptocurrency) management firm Galaxy Digital has reportedly transferred Bitcoins worth approximately ₩4.8 trillion ($3.5 billion) to external destinations. The majority of this amount was moved to exchanges, with indications that some of it was liquidated.
On the 25th, on-chain analytics platform Lookonchain announced that Galaxy Digital transferred nearly 30,000 BTC to external wallets that day. A large portion of these assets flowed into centralized exchanges, and it is analyzed that some were sold.
Afterward, Galaxy Digital reportedly withdrew 1.15 billion USDT (about ₩1.58 trillion) from a virtual asset exchange.
Galaxy Digital currently holds 18,504 BTC (worth approximately $2.14 billion, or ₩2.95 trillion). This represents a decrease of about 60% from the previous day's holdings.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
