Web Analytics
NewsBTC
2025-10-01 14:00:53

Galaxy’s Digital Bitcoin Sales Continue: 1,190 Bitcoin Moves To Binance

Bitcoin has reclaimed the $115,000 level, restoring momentum after weeks of uncertainty and signaling that bulls are regaining strength. The move comes as traders push back against selling pressure, with renewed optimism spreading across the market. For many, the rebound highlights Bitcoin’s resilience and its ability to bounce after testing key support levels. Related Reading: The Bitcoin Long: Bybit Traders Push BTC Taker Buy/Sell Ratio Above 24 Yet, not everyone feels convinced. Several analysts warn that despite the recent upside, Bitcoin may still face the risk of a deeper correction. The recovery looks promising, but the broader structure remains fragile, and cautious voices continue to dominate discussions. A failure to hold above $115,000 could once again expose the market to volatility and downside pressure. Adding another layer of concern, key data shows that Galaxy Digital’s Bitcoin sales remain ongoing. These sales, taking place even as Bitcoin rises, highlight the complex dynamics at play and temper the optimism around the recent rally. Galaxy Sales Weigh On Bitcoin Top analyst Darkfost shared fresh data that revealed a significant move in Bitcoin markets yesterday. According to him, 1,190 BTC were sent mainly to Binance, most likely to be sold. At current prices, that transaction represents more than $135 million worth of Bitcoin, underscoring that large-scale institutional selling continues even as bulls fight to sustain momentum above $115,000. Such transfers often signal that sellers, in this case Galaxy Digital, are actively reducing exposure, which can pressure the market during sensitive periods. While Bitcoin has managed to rebound from its recent lows near $108,000, these heavy sales create an overhang of supply that traders must absorb before a convincing uptrend can take hold. The timing adds even more weight, as Bitcoin enters a new stage marked by macro uncertainty. The looming US government shutdown now stands as one of the biggest risk factors for global markets. Political deadlock in Washington threatens to disrupt financial stability and could trigger volatility across equities, bonds, and digital assets. For Bitcoin, this situation creates both risk and opportunity: on one hand, fear-driven selling could drag prices lower; on the other, Bitcoin’s role as a hedge may attract inflows from investors seeking protection. Related Reading: Bitcoin Short-Term Holders At Cost Basis: SOPR At 1 Signals Mareket Equilibrium BTC Approaches Resistance After Strong Rebound Bitcoin is trading near $116,200 after a sharp rebound from last week’s lows around $109,000. The 8-hour chart highlights renewed bullish momentum, with price now pressing toward the key resistance zone at $117,500. This level has repeatedly capped rallies since late August, making it the line to watch for confirmation of a broader breakout. The recent move higher also pushed BTC back above its 50-period (blue) and 100-period (green) moving averages, both of which had previously acted as resistance. The price is now consolidating above these levels, showing that bulls are regaining short-term control. However, the 200-period moving average (red) sits just overhead near $115,000, and Bitcoin has only just cleared it — leaving the breakout unconfirmed. Related Reading: Bitcoin Retail Demand Retreats: 30D Change Falls To Lowest Level Since July Momentum remains constructive, but the market still faces a pivotal test. A decisive close above $117,500 could invite stronger buying pressure, opening the door for a run toward $120,000 and potentially retesting the yearly highs near $125,000. Conversely, rejection at this level could trigger profit-taking, dragging the price back toward $114,000 or even $112,000. Featured image from Dall-E, chart from TradingView

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.