According to @OnchainDataNerd, Galaxy Digital deposited 10,000 BTC, valued at approximately $1.18 billion, into cryptocurrency exchanges within eight hours. These Bitcoin funds originated from a super whale address that has been accumulating for 14 years, as cited by the source. Such large-scale movements from long-dormant wallets to exchanges are typically interpreted by traders as a bearish signal, increasing the potential for short-term volatility and heightened selling pressure on BTC. Market participants should monitor exchange inflows and order book data closely for potential price impacts and liquidity shifts.