Galaxy Digital moves $3.4bn in Bitcoin to exchanges as crypto markets cool – DL News
- Onchain sleuths spotted some big Bitcoin moves by Galaxy.
- Last week, more than 80,000 dormant Bitcoin came to life.
- Markets cooled this week after a hefty rally.
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Hey everyone, Liam here.
Quick question: What do you do when an asset hits record highs?
You sell.
On Thursday, the crypto mogul’s firm, Galaxy Digital, sent heaps of its Bitcoin stash to exchanges.
Some $4 billion, to be precise, according to Arkham Analytics.
Sending crypto to exchanges doesn’t necessarily mean someone is selling their coin. That being said, Galaxy has withdrawn $1.15 billion in stablecoins.
Whether Bitcoin was already sitting on the exchange is unclear.
Additionally,…
