So, Bitcoin decided to take a nosedive, huh? Down $4K in 12 hours. What’s the deal? Oh, right, Mike Novogratz’s Galaxy Digital decided to dump $1.5B in BTC like it’s last season’s wardrobe. 🤑💨
And who’s crying? Over-leveraged traders, that’s who. 150,000 of them got liquidated. Ouch. That’s more painful than a bad Seinfeld rerun. 😬📉
BTC was chillin’ between $117K and $120K for a week, minding its own business. Then, boom! Rejected harder than I was at my high school prom. Now it’s at $115K, its lowest since July 11. 🎢🤦♂️
Why? Well, Galaxy Digital went full “sell, sell, sell!” Lookonchain says they dumped 10,000 BTC ($1.18B) and then withdrew $370M in USDT. Classy. Meanwhile, BTC dropped 3% in 8 hours. Coincidence? I think not. 🤔💸
Looks like #GalaxyDigital has already dumped the 10,000 $BTC($1.18B)!
Over the past 3 hours, they’ve withdrawn 370M $USDT from #OKX, #Binance, and #Bybit.
Meanwhile, $BTC has dropped over 3% in the past 8 hours.
— Lookonchain (@lookonchain) July 25, 2025
But wait, there’s more! Galaxy dumped another 2,850 BTC ($330M), bringing the total to $1.5B. Because why not? 🤑💥
Leveraged traders? They’re toast. $515M in liquidated positions, with BTC leading the charge at $143M. 140,000 traders got wiped out. The biggest loss? $17M on OKX. That’s a whole lot of therapy sessions. 😱💸
So, what’s the lesson here? Don’t leverage like it’s 1999, and maybe don’t trust Galaxy Digital with your lunch money. 🤷♂️💰
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2025-07-25 10:22