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Ethereum whale sells at $19M loss after 3 years; Galaxy Digital moves $87M in Bitcoin.

Technical Signals
08 Aug 2026
Bitcoin
View Source
Bearish
Ethereum whale sells at $19M loss after 3 years; Galaxy Digital moves $87M in Bitcoin.

An Ethereum whale who bought ETH between 2022 and 2023 at an average price of $2,723 sold 7,323 ETH on August 8, realizing losses over $19 million after staking for years. This sale near $1,906 per ETH marks a capitulation after holding through two bear markets, signaling potential local price bottom. Meanwhile, Galaxy Digital transferred 1,346 BTC worth $87.28 million to a new wallet, likely an over-the-counter transaction, indicating active treasury or client management. These moves highlight significant shifts in crypto holdings and may influence market dynamics soon.

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