A Whale Wakes Up, and the Market Gets a Migraine

Key Highlights:

• Galaxy Digital confirms selling 80,000 BTC (worth over $9 billion) for a dormant whale, sparking fears of a Bitcoin price slide toward $100K

• Whales are rotating capital into Ethereum, adding $4.18 billion in accumulation over two weeks

Yello Paradisers! In one of the most staggering moves in Bitcoin’s 16-year history, Galaxy Digital has confirmed selling 80,000 BTC, a colossal $9 billion transaction, on behalf of a whale who hadn’t touched their stash since April 2011, when BTC was trading for about $0.78. The holdings, split across eight wallets, were dumped onto the market between July 18 and July 25.

The sales were timed with precision, unloading as Bitcoin fell from its recent all-time high of $122,000 to the $115,000 zone, arguably softening entry for new buyers while rattling short-term sentiment. Galaxy maintains it was all part of the investor’s estate planning, but traders see it as a deliberate, market-moving event, the kind that turns bullish enthusiasm into cold sweat.

Whales Selling Bitcoin, Buying Ethereum

While Galaxy was liquidating BTC, whale wallets and high-leverage traders were shifting capital into Ethereum, stoking talk of a sentiment pivot. Between July 9 and July 25, on-chain trackers show:

• 3 wallets purchased 74,207 ETH ($273 million)
  
  
• 8 wallets accumulated 540,460 ETH ($1.99 billion)
  
  
• In total, whales scooped up 1.13 million ETH, worth $4.18 billion over two weeks
  
  

The Technical Picture for Bitcoin: $120K or a Slide to $100K?

Currently trading near $118k, Bitcoin remains locked in a descending triangle, a bearish pattern that’s been rejecting it at the $118,500–$119,500 resistance zone repeatedly. Technical signals show:

• RSI at 58.86, neither overbought nor oversold
  
  
• A break below $110,000 risks accelerating losses
  
  
• $100,000 is critical support, failure there could trigger a slide toward $95K or even $90K
  
  

The ParadiseTeam estimates a 65 percent probability of a deeper correction unless BTC reclaims and sustains a breakout above $120,000 soon.

What This Means for Paradisers and Where We’re Breaking It Down

Massive liquidations like this can either trigger a cascade lower or act as a stealth “reset,” giving new capital the chance to accumulate at discounted levels. The big question is: Will Galaxy’s $9 billion sale end up fueling the next leg higher, or is this the early signal of Ethereum stealing Bitcoin’s crown (for now)?

We’ll analyze how these whale flows could impact BTC and ETH price action, which liquidity zones matter most, and what setups traders should be watching in our next MCP YouTube stream, because, we already mentioned that this liquidation event is coming in our last Youtube analysis, so the ParadiseTeam expected this event and are prepared for the impending impact.

Inside MCP News Private (just $3/month,  less than you’d spend on bottled water or a haircut), we’ll detail the exact on-chain flows, support zones, and volatility bands to trade around, plus the Ethereum accumulation trend that might define the next two weeks.

And for ParadiseFamilyVIP, our trading desk has already prepared a dual-strategy playbook, balancing short-term volatility trades with mid-term positioning on both Bitcoin and Ethereum, designed to help our members profit from the turbulence instead of fearing it.

Because when a decade-old whale cashes out and shifts the market, the question isn’t “What now?”, it’s “Who’s ready to ride the waves before the crowd realizes where the tide is turning?”