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A long-dormant Bitcoin wallet holding 80,009 BTC suddenly transferred half its holdings—worth $4.68 billion—to Galaxy Digital, sparking market volatility. The move suggests potential liquidation as Galaxy deposited $706 million worth of BTC into Binance and Bybit. Meanwhile, US inflation data added further pressure on Bitcoin’s price.
- A 2011-era Bitcoin wallet moved 40,009 BTC ($4.68B) to Galaxy Digital, with 6,000 BTC later sent to Binance and Bybit.
- Bitcoin's price fell 6% amid the whale's transfers and higher US CPI data (2.7% YoY), weakening risk assets.
- Galaxy Digital's OTC role hints at discreet liquidation, but exchange deposits could test key support levels at $112K–$115K.
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