TLDR
- $9B BTC Sale Sends Bitcoin to $117K, Market Holds Strong Despite Slip
- Galaxy’s $9B BTC Deal Boosts Bitcoin to $117K, Momentum Remains Bullish
- Bitcoin Climbs to $117K After $9B Sale, Support Holds Amid Bullish Signals
- BTC Hits $117K Post $9B Transfer, Market Shows Strength and Stability
- Massive $9B BTC Sale Managed Smoothly, Bitcoin Steady Above $117
A high-profile transaction has pushed Bitcoin into the spotlight as Galaxy Digital executed a $9 billion BTC sale. The firm completed the transfer of over 80,000 Bitcoin on behalf of an early market participant. The client, linked to the Satoshi-era, executed the deal as part of an estate planning strategy.
This transaction stands as one of the most significant in the digital asset space based on notional value. Galaxy Digital confirmed it facilitated the move for a client whose holdings trace back to Bitcoin’s early development stage. The move reflects a notable shift in the approach of early holders to managing long-term crypto assets.
The scale of this sale reaffirms Bitcoin’s liquidity at high-value tiers, showing that such exits can still occur without major disruption. Moreover, it highlights the increasing role of digital asset managers in handling complex financial moves. With strong execution and minimal slippage, Galaxy underscored its growing presence in crypto finance.
Bitcoin Holds Above $117K Amid Technical Strength
Bitcoin traded around $117,308, slipping 1.13% but holding firm within a key support zone. The 24-hour trading volume surged over 42%, indicating heightened market activity
Source: Tradingview
Despite the slight decline, momentum indicators suggest ongoing bullish sentiment across the market. The RSI currently sits at 58, signaling strength but leaving room for further upside. Previously, the RSI crossed 70, indicating recent strong demand, though some cooling has since occurred.
The MACD remains in positive territory, and the MACD line continues to lead above the signal line. The histogram, however, shows slight weakening, suggesting some consolidation or hesitation among market participants. Even so, this doesn’t imply reversal, as both indicators still reflect upward bias in the broader trend.
On-Chain Data Highlights Strong Accumulation Zones
Analysts Ali charts identified $116,095 a critical support level, with resistance at $118,955 based on on-chain cost distribution. These zones are supported by significant volume activity, indicating substantial buying and selling interest near current price levels.
Data from Glassnode’s heatmap illustrates strong accumulation around current Bitcoin levels. Over 8,800 BTC were acquired below spot price, while more than 48,000 BTC changed hands above it. This positioning forms a tight channel of demand and supply that continues to shape market movements.
The most important levels to watch for Bitcoin $BTC right now are $116,095 as support and $118,955 as resistance, based on cost basis distribution. pic.twitter.com/MxrN24BsqN
— Ali (@ali_charts) July 25, 2025
The supply concentration near $118,955 creates significant overhead pressure, which could limit short-term breakouts. Conversely, $116,095 offers solid structural support based on historical purchase behavior at that price range. These levels present a tightly defined trading range that market participants now monitor with increased attention.
Market behavior in this range reflects confidence in long-term stability, especially following a sale of such unprecedented magnitude. Bitcoin’s ability to absorb this transaction without significant volatility strengthens the case for its maturity as a financial asset. Meanwhile, Galaxy’s role in managing the deal reinforces institutional capabilities in handling legacy crypto wealth.
