Galaxy sold over 80,000 BTC for a Satoshi-era investor last week, causing Bitcoin to drop below $115,000. The market saw a decrease in activity, with DEX spot trading volumes falling 5.74% to $121.55 billion and DEX perps trading volumes down 4.43% to $131.211 billion.
In the stablecoin market, Tether minted 3 billion USDT on Ethereum and Tron, while Circle minted 750 million USDC on Solana, increasing the total stablecoin market cap by $4.69 billion. Meanwhile, 17 companies purchased 6,315 BTC worth $746 million, though MicroStrategy did not participate.
Institutional and whale activity remained strong in Ethereum, with 583,248 ETH worth $2.17 billion acquired by new wallets since July 9. SharpLink added 77,210 ETH, valued at $295 million, to its holdings.
Galaxy Sells 80,000 BTC, Market Activity Cools
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