Bitcoin worth $2.6 billion moved by Galaxy Digital
In the dynamic world of cryptocurrency, the past week has seen a series of notable events that have shaken up the market. One of the most significant occurrences was the transfer of 22,610 Bitcoins, worth approximately $2.6 billion, on July 25, 2025.
The identity of the person or entity behind the transfer remains unknown, but industry experts suggest it could be a "Satoshi-era whale" given the origin of the volumes. This transfer, which substantially affected Bitcoin's liquidity, sparked significant market volatility and highlighted the historical patterns of Bitcoin's market sensitivity to such events.
Despite the volatility, Bitcoin managed to maintain its resilience in the bond market, as noted by an industry expert. As of July 28, 2025, Bitcoin was priced nearly $119,478, with a market cap of $2.38 trillion.
Meanwhile, other cryptocurrencies have also seen their fair share of action. Ethereum bulls are aiming for prices above $4,500 due to strong demand signaled by a $21.8B DeFi TVL. Solana eyes a target of $217 as a triangle breakout continues to form. SUI, another cryptocurrency, is showing signs of a potential surge to $7 after a double bottom formation.
In other news, Crypto ETFs attracted $1.5B in a week, despite trading volumes dropping by 10%. This could indicate a shift in investor behaviour, with more long-term strategies being adopted.
The Stellar Foundation has also made moves to boost its tokenization efforts, investing in Archax. However, Stellar faces resistance at $0.45, reflecting a more cautious approach from the market.
On the macroeconomic front, U.S. Fed rate cut bets have risen to 99% after the latest payroll data. The nominee for the Federal Reserve Board, Milan, has stressed independence from the presidency, aiming to maintain the Fed's non-partisan stance.
As we continue to monitor these developments, it's important to remember the potential influence of whale behaviours, as suggested by the Coincu research team. With approximately 14,000 BTC landing on Binance, the eyes of the crypto community will be on these large players and their impact on market trends.
