Galaxy Digital Moves 80 Million USDT from CEX to Coinbase Following Massive Bitcoin Whale Transfers

On July 15, Arkham monitoring data revealed significant movements involving Galaxy Digital and major cryptocurrency exchanges. Following the transfer of legacy whale Bitcoin (BTC) to Galaxy Digital, a total of 80 million USDT was subsequently moved from the related centralized exchange (CEX) back to Galaxy Digital. This substantial stablecoin transfer was then routed to Coinbase via an intermediary wallet, highlighting strategic liquidity management within the crypto ecosystem. Earlier on the same day, whale Bitcoin addresses collectively shifted 18,343 Bits to Galaxy Digital, with notable portions of 2,000 Bits directed towards prominent exchanges Bybit and Binance. These transactions underscore ongoing institutional activity and capital flow dynamics among leading crypto custodians and trading platforms, reflecting evolving market positioning by large-scale holders.