After a relatively calm stretch in the crypto market, Bitcoin finally broke its silence—and not in the way most traders had hoped.
Heading into the final days of the week, the cryptocurrency saw a dip that raised some eyebrows, especially as behind-the-scenes movements suggested major players might be cashing out.
From Stability to Sudden Slide
For most of the past week, Bitcoin had been hovering quietly between $117,000 and $120,000.
Traders had been watching closely to see if it could hold steady above $119,000.
But things changed quickly by Friday, July 25, when Bitcoin dipped below expectations, dropping to a weekly low just above $115,000.
That kind of move wasn’t entirely out of the blue.
On-chain data had already been hinting at a brewing shift—and Friday confirmed it.
Whale Activity Points to Profit-Taking
A key signal came from a CryptoQuant analyst known as Caueconomy, who highlighted a major spike in activity on centralized exchanges.
According to his Quicktake post, about 40,000 BTC were moved onto exchanges in just one day.
That’s not a casual amount—it’s the kind of movement that typically signals that large holders, or “whales,” are preparing to sell.
This insight came from a metric called Bitcoin Exchange Inflow – Spent Output Value Bands, which helps analysts see not just how much BTC is moving, but also which types of investors are doing the moving.
And Friday’s activity definitely had the hallmarks of large-scale players taking some profits off the table.
Galaxy Digital Leads the Pack
One of the standout transactions? Galaxy Digital, a major crypto investment firm, reportedly shifted a whopping 32,448 BTC—valued at over $3.7 billion.
Of that, more than 22,700 BTC landed directly on exchanges, likely to be sold.
Caueconomy also mentioned that over-the-counter (OTC) desks were actively involved, placing heavy sell orders and impacting the exchanges’ order books.
It’s another sign that big players are repositioning, possibly looking to lock in gains after BTC’s recent high.
What Exchange Flows Tell Us About Selling Pressure
When BTC starts flooding into centralized exchanges, it usually hints at one thing: increased selling pressure.
Traders often move coins to these platforms when they intend to sell. So, while the numbers might not seem alarming at first glance, the context matters.
A rise in exchange inflows typically spells short-term trouble for prices.
Still, it’s not all doom and gloom.
Holding Above Key Levels Gives Hope
Despite the dip, Bitcoin is still holding comfortably above the $110,000 range, which many see as a critical support level.
That means there’s still plenty of buying interest—enough to suggest that the broader trend remains intact, at least for now.
According to Caueconomy, while some whales are cashing out, overall sentiment isn’t entirely bearish.
Medium-term buyers are still showing up, which could keep BTC from slipping too far.
Latest Price Check
As of now, Bitcoin is priced at approximately $117,346, which marks a modest 0.2% decline in the last 24 hours.
Over the past week, it’s down close to 1%, according to data from CoinGecko.
While these numbers aren’t dramatic, they do reflect the cautious mood in the market.
Final Thoughts
Bitcoin’s recent dip seems less about panic and more about strategic moves by major investors locking in profits.
The broader outlook isn’t bearish yet, but these kinds of large transactions do add short-term volatility.
Traders will want to keep an eye on whether more BTC flows into exchanges in the coming days—because that could tip the balance.
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