Galaxy Liquidity Shift: Major BTC Sale and Ethereum Accumulation Signal Market Rotation

The previous week saw Galaxy offload over 80,000 BTC, valued at more than $9 billion, to an investor from the Satoshi era, causing Bitcoin's price to drop below $115,000. Compared to the prior week, trading activity on decentralized exchanges (DEXs) has decreased, with both spot and perpetual trading volumes declining. On the stablecoin front, Tether issued $3 billion USDT across Ethereum and Tron, and Circle minted $750 million USDC on Solana, resulting in an overall market cap increase of approximately $4.69 billion—particularly on Tron and Ethereum. Trading volumes on DEXs for spot trades reached about $121.55 billion, down roughly 6% week-over-week, with PancakeSwap and Uniswap seeing declines, whereas Raydium experienced growth. Perpetual trading volumes also fell by about 4.4%, with edgeX showing a notable increase of over 54%. Additionally, 17 public companies purchased around 6,315 BTC last week, excluding MicroStrategy. Institutional and whale activity leaned towards buying Ethereum, with eight new wallets acquiring over 583,000 ETH valued at about $2.17 billion, including significant purchases by SharpLink Gaming. Interestingly, Galaxy liquidated a significant position of 80,000 BTC, indicating changing strategic interests among major investors. Overall, the crypto market demonstrates a shift in whale and institutional strategies, with a substantial BTC sale contrasting ongoing Ethereum accumulation. Market volumes indicate consolidation or cautious trading at present levels, while stablecoin issuance continues to support liquidity.