In late July 2025, Bitcoin briefly fell below $117,000 due to significant institutional sell-offs led by Galaxy Digital. However, the price quickly rebounded thanks to strong support at this level.
Bitcoin Falls Below $117,000
Bitcoin sharply declined in price, touching the $117,000 mark following large institutional sell-offs from Galaxy Digital, which led to immediate market volatility. Nevertheless, due to resilient demand and the support of key levels, the price swiftly returned to stability.
Galaxy Digital's Market Influence
Galaxy Digital successfully executed a sale of **80,000 BTC**, causing significant market fluctuations. This transaction demonstrated the market's vulnerability to large-scale sell-offs, yet the rapid price recovery confirmed the ongoing demand from institutional investors.
Analysis and Predictions from Institutional Investors
According to market analyst Joe Consorti, despite the proactive sell-offs, the market displayed its strength by stabilizing quickly. "80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved," he stated, highlighting market resilience. Investors remain optimistic, continuing their aggressive Bitcoin accumulation, which promises interesting prospects for the future.
Recent events highlight both the volatility and resilience of the cryptocurrency market in the face of large sell-offs. The key support level at $117,000 remains relevant for upcoming trading actions.
