Bitcoin Holds Steady Despite $450 Million Sell-Off

Galaxy Digital moved nearly 3,800 BTC, approximately 450 million dollars, to exchange platforms. Despite this, bitcoin remains stable around 119,000 dollars, with no signs of panic. Even a brief dip to 117,000 dollars was not enough to reverse the trend.

A Massive Sale Without Mass Effect

Galaxy Digital, well known for its moves capable of shaking markets, transferred 3,782 BTC to exchange platforms. A move that, in other times, would have shaken the market. Yet, none of that happened. BTC, unshaken, regained ground reaching 119,000 dollars before stabilizing around 118,800 dollars.

This resilience sharply contrasts with the panic of the previous week. Indeed, during that week, the massive sale of 80,000 BTC, dormant for 14 years, had triggered a plunge to 114,500 dollars.

The lack of reaction this time reflects a paradigm shift: investors are no longer guided by fear.

The numbers speak for themselves: a quick return to the 119,000 dollar zone despite a temporary dip to 117,000 dollars. The CME “gap” filled, the market continues its breathing, regulated but not panicked.

Bitcoin: A Structural Undercurrent

Technical indicators show an increasingly solid base. The support at 117,480 dollars, corresponding to the 21-day simple moving average, acts as an anchor point. As long as bitcoin holds this level, the bulls remain in control.

Among seasoned traders, caution prevails, but clarity remains. Daan Crypto Trades highlights the unsettling regularity with which CME gaps are filled each start of the week, like a self-fulfilling mechanism. This reinforces the idea of a market in a more mature structural phase than it appears.

However, some remain on high alert. Bearish divergences are emerging on the horizon, as trader Roman notes, suggesting a possible pullback of bitcoin towards 108,000 dollars. This scenario, although plausible, does not seem to generate the same nervousness as before. The market digests. It absorbs. It anticipates.

This new episode may mark a turning point. Where once the threat of a massive sale was enough to trigger cascading sales, Bitcoin now seems supported by a more institutional, more patient base. Media noise softens, major holders become predictable, and pullbacks are less panicked and more strategic.

In short, the world’s most famous digital asset is maturing. It is no longer a volcano ready to erupt at the slightest tremor, but a minefield that only the most experienced know how to navigate.

And while some watch for a hypothetical bitcoin crash, others build in the shadows.