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Crypto

Whale Transfers $34.7M BTC to Galaxy Digital in OTC Trade

Guavy AI Editorial Team
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An anonymous cryptocurrency whale has transferred 546.8 Bitcoin to Galaxy Digital in an over-the-counter (OTC) trade, according to on-chain data from Onchain Lens.

The transfer, worth approximately $34.7 million at current market prices, took place on February 12, 2025.

Galaxy Digital's trading desk is a common destination for large investors looking to execute discreet trades, avoiding the slippage and market volatility that can result from placing such orders on public order books.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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