🚨 Galaxy Digital continues to add selling pressure to Bitcoin.
Last night, Galaxy Digital transferred another 2,500 BTC (worth around $160M) out of its wallet. Notably, most of these coins were deposited to centralized exchanges (CEXs), a move often interpreted as preparation for selling.
📉 This could increase short-term supply pressure on Bitcoin. However, the key factor to watch is whether these BTC are actually sold and how well the market absorbs the additional supply.
$BTC #EmperySellsBTC