Bitcoin’s price took a hit this week after blockchain tracking platforms revealed a massive sell-off triggered by a dormant whale. Galaxy Digital, acting as the intermediary, moved nearly 30,000 BTC—valued at over $3.5 billion—onto exchanges like Binance and OKX, igniting fears of a wider market correction. The sell-off is part of a much larger 80,201 BTC trove linked to a wallet dating back to 2011. The most significant transaction came Friday with a 22,610 BTC transfer, followed by several smaller deposits that suggest liquidation was happening in stages. These moves coincided with Bitcoin’s slide below $115,000, down around 3% on the day. Analysts say the scale and timing of these transfers could trigger a ripple effect, spooking other large holders and triggering panic-driven sell-off from leveraged traders. As fear spreads, some traders are rotating into smaller, early-stage assets that may not be as exposed to whale-driven volatility. Among these, MAGACOIN FINANCE has started gaining traction for its unique momentum and growing interest from smart money circles. Whale Movements Signal Market Tension The data shows that Galaxy has already facilitated the transfer of over 61,000 BTC to exchanges, out of the original 80,000 BTC stash. This includes earlier transfers from July 15 and July 18—strategically timed just after Bitcoin touched an all-time high of $122,838. Now, with over $1.15 billion in stablecoins pulled off exchanges, some observers believe further selling may slow. But the damage could already be underway. Heavy BTC inflows to centralized platforms often trigger automated selling or fear-based reactions among retail and institutional investors alike. If more large holders follow suit, the market could test critical support levels—and fast. What Are Smart Money Investors Looking at? This growing fear is prompting some traders to rethink their exposure and consider projects still in early price discovery phases. One name repeatedly cited in recent research reports is MAGACOIN FINANCE, which has already attracted a loyal community and mounting analyst attention. With an 8,700% upside highlighted in the latest analyst review, its positioning has sparked a new wave of strategic buying . Previous rounds sold out rapidly, showing strong conviction from early adopters betting on a repeat of the breakout patterns seen in now-legendary altcoins . MAGACOIN FINANCE is being tracked closely by investors who don’t want to miss out again – especially as new milestones are reached and more utility is revealed in its roadmap. Momentum appears to be building at the exact moment traditional players are showing signs of hesitation. Conclusion Whale-driven volatility is nothing new in crypto, but the scale of this event—over $3.5 billion in Bitcoin hitting exchanges in a matter of days – raises serious questions about short-term price stability. Investors should monitor on-chain activity closely and prepare for possible continued sell pressure. And as many search for opportunity amid uncertainty, early-stage tokens like MAGACOIN FINANCE are being identified as potential high-ROI plays backed by strong community momentum and early demand. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Panic Selling Could Crash Bitcoin – What Investors Need to Know Now
