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Galaxy's Tactical BTC Maneuvers Keep Prices Unchanged Despite Massive Transactions
Sell orders of BTC totaling 9 billion dollars and buybacks by Sailor amounting to 2.5 billion dollars leave Bitcoin's price unchanged. It seems like a magical maneuver.
Twitter users are puzzled:
Galaxy Digital sold 80,000 BTC and announced the completion of the sales, yet the market remained silent. Similarly, Sailor's purchase of 2.5 billion dollars worth of BTC on July 29 saw no market reaction.
Selling such a volume on the market without impacting the price appears impossible.
The most plausible scenario:
- The transaction was over-the-counter (OTC), selling directly to Sailor, possibly at a discount, with the rest sold on the open market.
- Galaxy Digital coordinated the market beforehand, agreeing on transfers and timing.
- The 2.5 billion dollars received by Sailor came through a new stock placement, and the funds were used to buy BTC.
Galaxy's public statement of "sales completed" aims to soothe the market. Without this, the price might have fallen below 115k and headed toward 110k.
Galaxy orchestrated the situation cleverly: initiated a short position above 120k, collaborated with major whales for selling, pushed BTC down to 115k during low liquidity hours—specifically during the Asian session. This is an ideal setup, distributing 80,000 BTC around the lows, in real-time, during active trading.
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AI Analysis
The current market activity involving Galaxy Digital’s significant sale of 80,000 BTC and Sailor’s substantial purchase of 2.5 billion dollars worth of BTC presents a complex picture of strategic mark...
AI Recommendation
Investors should approach such market movements with caution, recognizing the potential for manipulation, especially around large OTC deals and coordinated whale activity. It’s advisable to avoid maki...
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.