Galaxy Digital Dumps 80K Bitcoin Will Lead to BTC Price Crash to $100K

Galaxy Digital Bitcoin transaction of 80,000 BTC—worth over $9 billion—has now been completed today. This is one of the largest transactions ever recorded in crypto history. Galaxy confirmed they sold this massive amount on behalf of a Dormant Bitcoin Whale, believed to have held the assets since April 2011, when it was priced at just $0.78, as per Lookonchain data .

Source: X

The whale had split the 80K BTC into 8 wallets and left them untouched for over a decade. On July 18, these Bitcoin were transferred for sale. As per official reports, Galaxy offloaded the holdings over several days by transferring chunks to different exchanges.

Interestingly enough, the sale was executed when its price fell from an all-time high of $122K to roughly $115K—providing new investors with an easier entry at lower prices. This has raised whistles in the market, and several are labeling it as a thought-out and deliberate Galaxy Digital dumps.

Galaxy stated this was part of the investor’s estate planning strategy , but the market impact was intense, with rising fears of a BTC price crash. At the time of writing, it was trading at $117,429 after an intraday surge of over 1%.

Whales Dumping Bitcoin: Buying Ethereum? Big Shift in Crypto Market Sentiment

This historic Galaxy Digital Bitcoin dumps event appears to have triggered a ripple effect. Now, multiple whales and traders are shifting funds to Ethereum.

Data from Lookonchain shows that popular trader AguilaTrades has closed his long Bitcoin position and moved into ETH with 25x leverage—currently holding 17,500 ETH worth around $65 million. Unfortunately, he faced another liquidation on July 25 for 720 coins (worth $83.3 million), showing extreme volatility and high risk in the crypto market crash environment.

Source: X

At the same time, new whale wallets are heavily accumulating ETH. Between July 9 and July 25:

• 3 wallets bought 74,207 ETH ($273M)

• 8 wallets accumulated a total of 540,460 ETH ($1.99B)

• Ali Martinez confirmed whales bought 1.13 million ETH, worth $4.18B, in just two weeks

This shift suggests weakening confidence in top digital asset. While institutional players like BlackRock and ARK Invest continue to hold it, attention is clearly moving toward Ethereum—backed by bold predictions.

Crypto figures like Eric Trump believe ETH could soon hit $8,000, while Arthur Hayes Ethereum prediction targets $10,000—fueling excitement in the Ethereum community and creating buzz.

Bitcoin Price Prediction: Will BTC Survive the Ethereum Rush?

Right now, its price is stuck in a descending triangle—a bearish chart pattern. The key resistance zone of $118,500–$119,500 has rejected it several times, weakening the bullish trend. At the time of writing, BTC trades around $117,429.

Source: TradingView

• RSI is 58.86, neither bullish nor oversold

• A drop below $110,000 could lead to major losses

• Critical support at $100,000 must hold or BTC could fall toward $95K or even $90K

As per this price prediction, unless BTC breaks above $120,000 soon, the price crash probability remains high—estimated at 65%.

Conclusion

The massive sale by a Dormant Whale has clearly shaken the market. As Ethereum demand grows and big whales shift focus, the Whale news reveals that confidence in BTC is weakening. The coming days will test whether the largest asset can hold its ground—or give way to Ethereum’s rise.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please do your own research before making investment decisions.