Galaxy Digital moved 2,500 Bitcoin worth approximately $160 million to exchange-linked wallets within 24 hours, according to on-chain data. The transfer, identified by Lookonchain, drew market attention but no on-chain signals indicate an imminent liquidation. Bitcoin traded at $64,262 with limited price reaction. Galaxy Digital’s on-chain portfolio now exceeds $508 million, holding Bitcoin, LSETH, ETH, CBBTC, and stablecoins. Market participants await further blockchain activity or an official statement to clarify the firm’s intentions.
Galaxy Digital moved 2,500 BTC, or approximately $160 million worth of Bitcoin, to cryptocurrency exchange wallets in the last 24 hours. The large deposit raised speculation about potential selling, as large exchange inflows often precede asset liquidation.
According to an analysis provided by Lookonchain, the majority of the funds were moved to exchange-related wallets. However, the on-chain data does not conclusively indicate an asset sale.
Galaxy Digital’s on-chain crypto portfolio has now surpassed $508.35 million, according to Arkham Intelligence. The firm’s holdings include approximately 2,634 BTC valued at $168.94 million, 49,005 LSETH valued at $98.24 million, 38,800 ETH valued at $69.73 million, 1,005 CBBTC valued at $64.48 million, and stablecoins comprising 32.84 million USDC and 17.92 million USDT.
Bitcoin was trading at $64,262, recording a modest 0.05% increase over the previous 24 hours. Daily trading volume stood at about $27.28 billion, with a market cap of $1.29 trillion and market dominance of 58.62%. The market showed limited reaction to the transfer news.
Market participants are watching whether the transferred Bitcoin remains in exchange wallets, moves to OTC settlement addresses, or leaves exchanges without touching public order books. Further blockchain activity or an official statement from Galaxy Digital could clarify the intention behind the transfers.
