Bitcoin 
$118,725.29In the first hours of the day, he saw the lowest level of the last two weeks with 115 thousand 80 dollars. As a trigger of price decrease, Galaxy Digital’s 10,000 BTC (about $ 1.18 billion), which was transferred to the stock market a few hours ago, is shown. The biggest crypto currency is trading around 115 thousand 404 dollars at the time of the news. This price level attracts attention as the lowest threshold recorded since July 10th.
Galaxy Digital’s Bitcoin sales hit the price
What lookonchain reported according to Financial Services Company Galaxy DigitalHe sent 10 thousand BTCs from his own commercial portfolio to crypto currency exchanges at one time. The transfer TSI took place at 07.26. Analysts emphasize that the transaction is profit sales.
The company, shortly after the first volume transfer 2 thousand 850 units (about $ 330 million) transferred to the stock market. Bitcoin’s price has made it difficult to recover by increasing the sales pressure. Thus, the two successive processes increased the liquidity in the market while the buyer weakened the hand of the wing and strengthened the hand of the sellers. High volume sales are the largest crypto currencyHe prevented the recovery of the price. Crypto investors’ application – the reason will surprise you!
The decline in the price triggered liquidations in the market
Following the transfers of Galaxy Digital, another focus of the market is closely followed in the community Aguilatrades It was the famous crypto money whale called asserting. Some of the long position opened with a leverage of 20x lost $ 2.1 million in a single transaction. Currently, the whale has a loss of 4 million dollars and the total portfolio value decreased to $ 37 million.
Coings’ data shows that the position of $ 706.66 million in the last 24 hours has been liquidated. 551.67 million dollars of this consists of long -way positions. Experts say that the Galaxy Digital -based sales pressure increases fragility in leverage transactions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
