The newly created Bitcoin wallet has been attracting attention after a major transfer from Galaxy Digital. Blockchain data shows that the wallet labeled “3FPTXQ” received a total of 1,506 BTC. This is worth around $163.5 million over the past hour. Arkham Intelligence Data shows that it has acquired three large deposits from the Galaxy Digital Address. The largest is 515.83 BTC, worth nearly $56 million. Another 500 BTC worth $54.3 million followed. The third transfer added 490 BTC, worth around $53.2 million. Together, these transfers reached over $163 million. A small test of 0.00011 BTC ($11.93) was sent about 15 hours ago, prior to the massive movement. This is often done to check wallet activity before a large transfer.
Why is it important?
Galaxy Digital is the main name in the crypto investment field. The company operates businesses in trading, mining and infrastructure. Moving such a large amount of Bitcoin suggests possible changes to custody, client allocation, or storage strategies. Such large transfers often raise questions in the market. There are no indications, but this is linked to sales, but traders are often seen when they change in large quantities. A new wallet with more than 1,500 BTC could refer to internal reorganizations.
Market context
This move is because Bitcoin prices remain sensitive to the flow of large facilities. Transactions on a chain of this size can affect market sentiment, especially when linked to major companies. Investors often seek clues about the selling of such activities and build-up. Many institutions have changed their digital asset strategies over the past few months. New rules, growing demand for custody and growing interest from clients have led businesses to rethink how they hold and manage Bitcoin. The latest transfers on Galaxy may be part of this wider change.
Outlook
It is still unknown whether this transfer is for clients, internal management or strategic positioning. The obvious thing is the scale. Wallets of this size highlight the growing influence of institutions on Bitcoin liquidity. Market watchers are expected to closely track this wallet. Future movements may provide tips on broader market trends. For now, the event shows that a big bitcoin flow is dominated by institutional players, indicating that their decisions can quickly shape the direction of the market.
