Summary
- Galaxy Digital reportedly dispersed a transfer of 1,130 Bitcoin (BTC) to Binance, Wintermute, and others.
- According to the on-chain analyst, part of the Bitcoin was deposited into the hot wallets of global exchanges and market makers.
- Of the 30,000 BTC transferred by Galaxy Digital, a majority reportedly flowed into centralized exchanges, with some believed to have been sold.
It has been observed that the virtual asset (cryptocurrency) management firm Galaxy Digital has distributed and transferred 1,130 Bitcoin (BTC) to Binance, Wintermute, and others.
On the 25th, on-chain analyst The Data Nerd stated via X (formerly Twitter), "Of the 3,715 BTC transferred to 12 new addresses one hour ago, 1,130 BTC (worth approximately $131 million) was deposited into the hot wallets of the global cryptocurrency exchange Binance and the market maker Wintermute," adding, "The remaining Bitcoin was distributed to four other wallets."
Earlier that day, Galaxy Digital transferred about 30,000 BTC to external wallets. A large portion of these funds flowed into centralized exchanges, and some are believed to have been sold.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
