Recent on-chain data shows substantial bitcoin (BTC) outflows from Galaxy Digital wallets, with an hourly outflow of 691 BTC recorded on September 3. This action has sparked fear among investors, hinting at a potential increase in selling pressure and drop in Bitcoin price.
As noted by Maartunn, a crypto analyst at Cryptoquant, wallets linked to Galaxy Digital, a digital asset management firm, were flashing red in the hourly outflow charts. Over the past month, outflows ranged between 600 to 2,400 BTC, with a notable transaction of 1,167 BTC in September which added to concerns about potential selling pressure.
Earlier in the year, a similar move took place where Galaxy Digital facilitated a selling of over 80,000 BTC, which was executed in batches across exchanges and in turn it caused a brief dip of 3% in BTC’s price. Maartunn later sugested that kind of outflow can precede near-term sell pressure.
Bitcoin Shows Resilience Despite Outflows
Despite the significant outflows BTC price has shown resilience, which is supported by $43 billion in corporate accumulation in 2025, with companies holding over 6% of all BTC and that is 21x higher than in 2020.
Besides, market data cited by Econometrics suggest that BTC 30-day realized volatility is historically low, therefore, suggesting a maturing asset class. That kind of stability can help counter the selling pressure from whales which is driven by institutional and corporate demand.
While outflows are raising concerns among other investors, other strong institutional demands and regulatory tailwinds suggest BTC can absorb pressure.
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