According to data provided by CryptoQuant, the wallet is related Galaxy Digital recently saw a sudden outflow of approximately 200 BTC.
Such movements tend to indicate short-term selling pressure, which is becoming quite extreme.
For example, in July, Galaxy famously announced that it had sold over 80,000 BTC worth over $9 billion (based on market prices at the time) on behalf of “Satoshi-era investors.”
This means client transactions, sales from your own safe. In the third quarter of 2025, Galaxy reported a significant increase in “digital asset trading volume,” executing sales of over 80,000 BTC in the quarter.
The third quarter report treats this amount as part of Galaxy's platform business (client services), rather than strictly an internal financial settlement.
It is now increasingly likely that this major sale will be integrated into the company's broader trading business.
Bitcoin plummets
Earlier today, Bitcoin prices fell below the $95,000 level for the first time since May.
Investors have tempered expectations that the US Federal Reserve will cut interest rates soon. This makes “risk assets” (like Bitcoin) less attractive compared to safer investments (bonds, cash) and drives capital out of cryptocurrencies.
As financial conditions tighten, markets become more cautious and more exposed to sell-off risks, which is holding back cryptocurrencies.
Earlier today, Bitcoin price fell below the $95,000 level.
On the other hand, the influx of institutional investors into Bitcoin (and cryptocurrencies in general) is decreasing. Big funds and ETFs haven't risen as much, so important “support” beneath the price is gone. On-chain and derivatives data shows that sellers have the upper hand, with increased outflows and increased put option activity.
At the same time, large holders move or sell their coins, creating psychological and real pressure.
