Following its recent $370 million USDT withdrawal, Galaxy Digital has made another move suggesting further Bitcoin sales, according to Lookonchain. In a post on X, Lookonchain reported that the crypto...

Following its recent $370 million USDT withdrawal, Galaxy Digital has made another move suggesting further Bitcoin sales, according to Lookonchain. In a post on X, Lookonchain reported that the crypto-focused investment firm moved an additional 2,850 BTC ($330.44 million) to exchanges about 22 minutes ago.

Galaxy Digital sends another $330.44M in BTC to exchanges

Blockware BTC analyst Mitchell Askew states that Bitcoin will no longer experience "parabolic" price increases or "devastating" bear markets, as BTC Exchange Traded Funds (ETFs) have permanently reduced volatility and changed market dynamics.

"BTC/USD looks like two completely different assets before and after the ETF," the analyst wrote on Friday. The chart he shared shows that price volatility sharply declined after the launch of Bitcoin ETFs in the United States in January 2024. The analyst stated:
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Bitcoin volatility drops to historic lows: no more violent bull runs and desperate bear markets

Binance's previously announced airdrop getting postponed

Binance Delays This Airdrop, Here's Why

There are roughly the same odds of ETH reaching $10,000 and failing to reach $4,000 this year