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Galaxy Digital Fund Dissolves 35,000 BTC: Early Miner Coins Liquidated

The Galaxy Digital Fund has liquidated 30,000 BTC via leading crypto exchanges today. These coins are probably from an early miner dating back to 2011. The remaining holdings are 18,504 BTC worth approximately $2.13 billion. Following the sale, USDT was transferred to new addresses and subsequently moved to Coinbase’s hot wallets. Additionally, another 5,000 BTC was moved to unknown addresses, reducing the total to 13,504 BTC.
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AI Analysis

The recent large-scale movements of Bitcoin from Galaxy Digital Fund highlight significant activity that may influence the broader cryptocurrency market. The sale of 30,000 BTC, presumed to be from an...

AI Recommendation

Investors should remain cautious and monitor Bitcoin’s price and liquidity closely, especially in the aftermath of such significant transactions. While a large holder reducing their position can somet...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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