$BTC Holds Strong Despite Massive 80,000 Whale Sale as $ETH Demand Surges


$BTC remains resilient after an 80,000 coin whale sale worth $9 billion was executed through Galaxy Digital on July 25.


The sale from 2011-era wallets briefly dropped $BTC from $119,500 to $114,500 before quickly recovering above $118,000.


Institutional demand cushioned the impact as treasury companies and ETFs absorbed 115,165 $BTC during July.


Even after the whale sale, net inflows reached 35,165 $BTC for the month.


Meanwhile, $ETH is capturing increased trader attention, with ETF inflows soaring since mid-June.


Over 1.6 million $ETH was added to #ETFs in six weeks, more than doubling the previous 11-month total.


$ETH posted 52% monthly gains while the ETH/BTC ratio climbed from 0.023 to 0.032, its highest since January.


Perpetual futures open interest for $ETH hit nearly 40% dominance, the highest since April 2023.

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July 29, 2025 at 4:43 PM
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