Massive Bitcoin Outflow Hits Galaxy Digital Wallets: 1,531 BTC Moved

Mike Novogratz’s Galaxy Digital has moved more Bitcoin out of its wallets, stirring fresh debate about whether big players are selling or just handling client ￰0￱ Reading: Bitcoin Drop Shaves $5 Billion From Satoshi Nakamoto’s Untouched Fortune According to on-chain trackers and posts shared by analytics firm CryptoQuant, a total of 1,531 BTC was recently transferred out of wallets linked to Galaxy. Galaxy’s Client Trades Galaxy acts as both a merchant bank and a trading desk for institutions, so large transfers don’t always mean the firm is cutting its own ￰1￱ have pointed out that Galaxy has executed major client orders before — including a notional sale of over 80,000 BTC in the past quarter — and many of those trades are handled off-exchange via OTC ￰2￱ facts make it hard to read short-term outflows as pure profit-taking by Novogratz’s ￰3￱ Digital Outflow Spikes 🚨 Over 1,531 BTC moved out of Galaxy Digital wallets — a clear sign of rising short-term selling pressure in the market. 📉 ￰4￱ — Maartunn (@JA_Maartun) October 31, 2025 On-Chain Pattern Adds Detail The 1,531 BTC movement follows a string of recorded ￰5￱ example, trackers logged an outflow of 411 BTC on Oct. 24, suggesting this isn’t an isolated blip but part of several recent transfers tied to the firm’s ￰6￱ analysts say the pattern looks like growing selling ￰7￱ market watchers say the sums are consistent with client execution and ￰8￱ Sentiment Split Sentiment indicators show a split ￰9￱ measures and the so-called Fear and Greed gauge have dipped into fear territory ￰10￱ heads of some asset managers argue the ￰11￱ CEO Hunter Horsley has said institutions are “rushing in,” and he points to growing institutional interest as a signal that demand is building at higher ￰12￱ two views sit at odds: visible outflows and rocky short-term flows on one side, and growing institutional allocation on the ￰13￱ Context And What It Means Bitcoin has been trading just a little over $110,000 as these moves ￰14￱ price level matters because traders watch it as a barrier for ￰15￱ big transfers land near key price points, they get extra attention; some see them as profit-taking, others as routine client ￰16￱ way, the net effect on price depends on whether buyers step in to absorb the ￰17￱ Reading: Dogecoin Ignites — 60% Volume Boom Teases Potential Rally Signals Traders Are Watching Keep an eye on three items: ETF flows, OTC activity, and on-chain outflows from known ￰18￱ crypto ETFs have shown net withdrawals in recent weeks, which can sap demand even if big institutions are slowly buying ￰19￱ ETF outflows persist while wallets tied to major brokers keep moving coins out, price pressure may ￰20￱ if inflows return to spot ETFs or large buyers match the OTC sales, that pressure can ease ￰21￱ image from Unsplash, chart from TradingView