Galaxy Digital moves 447 million USD in Bitcoin to exchanges, sparking sell-off speculation

Galaxy Digital transferred a substantial amount of Bitcoin, specifically 3,782 BTC worth approximately 447 million USD, to exchanges. This action has stirred concerns regarding potential sell-off in the market.

The movement of Bitcoin led to increased volatility in the market, with BTC briefly declining to 115,000 USD before recovering to about 117,834 USD. This fluctuation reflects the heightened investor sentiment and market dynamics.

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