PANews reported on July 25 that according to monitoring by Ember, since the Ancient Whale entrusted Galaxy Digital to sell 80,000 BTC on July 15, about 68,000 BTC have been transferred out in batches to exchanges and independent addresses.

Among them, 14,000 entered Binance, 8,975 entered Bitstamp, 7,420 entered Bybit, 7,150 entered OKX, and about 30,400 were transferred to multiple independent addresses (possibly OTC buyers). There are still about 12,000 BTC (about 1.38 billion US dollars) unsold, and the remaining part is expected to have limited impact on market liquidity.

Previously, Galaxy transferred out 5,153 BTC again in the past 50 minutes, with a total value of 596 million US dollars.