According to Dan Held, 80,000 Bitcoin were sold in a single day and the price barely moved, indicating significant underlying market support and liquidity. This suggests strong buying pressure and resilience in the BTC market, which is a bullish signal for traders seeking confirmation of sustained demand. The ability of the market to absorb such a large sell-off without significant price decline highlights stability and growing investor confidence in Bitcoin. Source: Dan Held

According to Bobby Ong, Galaxy Digital recently sold 80,000 BTC valued at $9 billion, and the market absorbed this large transaction without any significant price movement. This suggests substantial liquidity and strong demand in the current bitcoin market, providing traders with confidence in the resilience of BTC prices during major sell-offs. Ong highlights that as major sellers conclude their sales, upward price action could accelerate, making this event highly relevant for short-term and long-term trading strategies. Source: Bobby Ong.