Galaxy Digital Inc. (NASDAQ: GLXY), a financial investment company focused on the cryptography market, announced the completion of the sale of one of the biggest Bitcoin (BTC) in history. According to the announcement of Friday, July 25, Galaxy Digital finalized the sale of more than 80,000 BTC, worth more than $ 9 billion depending on the current market value of around $ 117,000.
“Galaxy has completed the sale of more than 80,000 bitcoin – valued at more than $ 9 billion on the basis of current market prices – for an investor of the Satoshi era, representing one of the oldest and most important outings of the digital asset market.
What the outings of the SATASHI era mean for the Bitcoin market
The strategic release of the investor of the Satoshi era marks the entry of institutional capital in the Bitcoin market. In addition, the growing demand for US BTC Spot ETFs by institutional investors has increased the influx in cash overall to the bitcoin market.
Meanwhile, the release of the first Bitcoin investors marks a potential start of the 2025 Alts-season. In addition, the larger Altcoin market and the wider Altcoin market is obvious through the ETF cash flows.
BTC Price Eyes New Ath
After a solid escape towards the discovery of prices earlier this month, BTC Price formed a bullish flag in the past two weeks. The flagship piece rebounded above $ 117,000 on Friday July 25 during the American session in the middle of the north, after teasing below $ 115,000 in the last 24 hours.
From the point of view of technical analysis, the price of the BTC is well positioned to reach a new summit of all time in the near future. In addition, the price of the BTC has already started its parabolic phase, characterized by the euphoric trade.
The mid-term bullish feeling will be invalidated if the price of Bitcoin is constantly dropped below the level of support / resistance around $ 109,000
