Crypto
Galaxy Digital Sees Large On-Chain Transfer of 95 BTC for OTC Settlement
A large on-chain transfer of 95 BTC (~$7.32M) has been made to Galaxy Digital, pointing to another OTC settlement.
The transfer came from address 1279iPFLpQ2DDUKV8rQN5LHDbJvbZBgKQ1 and is one of the largest on-chain analysis of large BTC transfers to Galaxy Digital for this purpose.
At current prices, the value of the transferred Bitcoin is approximately $7.32 million, with the price of Bitcoin sitting at $77,403.75 within its Bollinger band range.
The bearish trend structure remains in place as the price trades below its 50-day exponential moving average (EMA) at $77,564.42 and its 200-day EMA at $71,683.17, which serves as distant support.