3,200 Bitcoin In Motion: Galaxy Digital Activity Adds Risk Of Selling Pressure

Bitcoin opened the year trading above the $93,000 level, giving bulls a brief sense of relief after weeks of heavy consolidation and persistent selling pressure. The highs suggest that buyers are still active in high-demand areas and are willing to protect prices above $90,000 for the mind. Short-term momentum has improved, and price action is stabilizing after the sharp decline seen late last year. However, despite this initial show of strength, the broader market structure remains fragile.

Many analysts continue to warn that the prevailing trend is still upside down. Bitcoin remains below several critical structural levels, and upside efforts have yet to implement a broad correction phase. In this context, renewed volatility should not be ruled out, especially since liquidity conditions and on-chain behavior remain mixed.

Adding to this careful observation, Darkfost’s top analyst highlights a significant on-chain development: Galaxy Digital has moved more than 3,200 BTC in recent transactions. Large capital transfers from institutional companies often attract close scrutiny, as they may indicate portfolio rebalancing, financial management, or preparation for market activity. While such a move doesn’t automatically mean an imminent sell-off, it tends to increase short-term uncertainty when the market is already volatile.

According to Darkfost’s analysis, the portion of Bitcoin that was recently transferred by Galaxy Digital has already reached the major central exchanges, including Binance, Bybit, and Coinbase. Notably, about 560 BTC—worth about $50 million—was traded in one day. In on-chain terms, this type of movement is important because transfers to exchanges often increase the likelihood that coins are being prepared for sale, hedging, or cashing.

In the current market situation, this flow has more weight. Bitcoin is trying to stabilize above key psychological levels, but overall sentiment remains cautious, and liquidity conditions remain strong. When major holders send coins to trade during such phases, it often presents a short-term supply risk, as even a partial sale can weigh down the price if local demand is not strong enough to absorb it.

However, it is important to avoid over-interpreting a single data point. Institutional businesses such as Galaxy Digital manage large, diversified strategies that may include OTC sales, derivatives wraps, or internal stock repositioning. Not all inbound exchanges lead to immediate sales. That said, the timing is remarkable: this transfer happened while Bitcoin was still struggling to find major resistance levels.

From the market’s point of view, this behavior reinforces the cautious attitude. It suggests that some major players may take advantage of the recent rebound to reduce exposure or manage risk, rather than piling on. As a result, continued monitoring of trade penetration and subsequent sales pressure will be essential to assess whether this rebound can be sustained or face renewed pressure.

Bitcoin Consolidates As Bulls Test Structural Resistance

Bitcoin’s weekly chart shows the market trying to stabilize after a sharp correction phase, and the price is now covering the $93,000–$94,000 area. The recent rebound has allowed BTC to regain territory above the 50-week moving average, which currently serves as short-term support. This finding shows that buyers are still active, especially after the latest 2025 price pushed into the $85,000–$88,000 range.

However, the structure remains mixed. Bitcoin is still trading below its 100-period weekly moving average, a level that has historically served as resistance to the trend during reversal phases. Failure to retrace this moving average with a weekly close suggests that bullish momentum, while developing, is not yet strong enough to warrant a continuation of the full trend.

The 200-time moving average remains well below the current price, confirming that the broader macro upside is intact, but the near-term conditions remain fragile.

Volume increased modestly during the iteration, indicating participation, although not to the levels typically associated with strong exit phases. This supports the view that the upward trend may be corrective rather than impulsive.

Bitcoin seems to be in the consolidation phase for recovery. Further acceptances above the $95,000–$100,000 range will be required to move the building with confidence. Until then, price action suggests cautious optimism rather than confirming a renewed rise.

Featured image from ChatGPT, chart from TradingView.com

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