PANews reported on July 25 that according to the monitoring of on-chain analyst @ai_9684xtpa, 14,273 BTC suspected to belong to the "14-year BTC holder" were recharged by Galaxy Digital in batches to major exchanges (about 1.67 billion US dollars) in the past 12 hours, of which 5,690 BTC were transferred in the past hour. Two sets of data show that this time there is a high probability that they are really selling: Binance BTC spot trading has traded more than 10,000 in 4 hours; Galaxy Digital has withdrawn some USDT from the exchange after recharging BTC.

At noon today, Galaxy has withdrawn 200 million USDT from Binance and OKX, and then distributed 140 million of them to 5 new addresses. It should be that some of them are being sold and sorted out. At present, Galaxy still holds 33,763 BTC (about 3.9 billion US dollars) on the chain. Subsequently, the analyst released an update saying that the seven new addresses that received USDT should be Coinbase recharge addresses, and a total of 200 million USDT tokens have been recharged into hot wallets. It seems that the “Fossil Hand Whale” has chosen to settle at Coinbase.