Key Points:

• Despite new Galaxy Digital Exchange Transactions, the market mood remains stable, with Bitcoin expected to reach $119,000 once the CME gap is filled.

• Selling nerves regarding “OG” BTC seem to have faded following last week’s transaction of 80,000 BTC.

• There are still discussions in trading circles about the possibility of another BTC price dip.

On Tuesday, Bitcoin (BTC) climbed back to $119,000, seemingly unaffected by a looming $450 million sell-off.

Galaxy Digital Wallet Outflows Keep BTC Prices Steady

According to data from Cointelegraph Markets Pro and TradingView, BTC/USD has increased by almost 1% recently.

A brief dip to $117,000 during U.S. trading hours the previous day didn’t lead to a sustained decline, as bulls targeted a key resistance zone.

Even though Galaxy Digital moved another 3,782 BTC from its wallet, the overall strength seems to have improved. Most of these coins were sent to exchanges, according to analysis from LookonChain.

There’s speculation around whether Galaxy Digital is helping clients sell BTC again, based on findings from crypto intelligence firm Arkham.

This latest move, while significantly smaller than last week’s 80,000 BTC sales, raised eyebrows without affecting prices negatively.

Conversely, last week’s price fell to $114,500 as the market absorbed a supply that had been inactive for over 14 years.

This isn’t an unfamiliar scenario; as previously noted, U.S. trade tariffs and similar events have had effects on the market in 2025.

Bitcoin May Experience Another “Flash Sale”

Reactions to the current market dynamics among traders and analysts vary.

Daan Crypto Trades mentioned that the dip to $117,000 has effectively closed a recent weekend “gap” in Bitcoin futures on the CME Group.

He noted, “The CME gap will close on Monday, like the last five weeks. We’re establishing a decent streak here.” He added that the longer this continues, the more it becomes a self-fulfilling prophecy.

Short-term indicators suggest that the momentum is at $117,480, relying on the 21-day simple moving average (SMA).

One observer commented that volatility is spiking as each month comes to a close, suggesting Bitcoin might not reach new heights right away.

Additionally, trader Roman expressed caution regarding long-term trends. He pointed to bearish divergences beyond price indicators, estimating a potential downside target of $108,000.

He mentioned he would be keeping an eye on either a pullback to 108K or aligning it with 115K, clarifying those scenarios as “highly likely.”

This article does not contain investment advice. All trading carries risks, and individuals should conduct their own research when making financial decisions.