Galaxy Digital Transfers $148M in Bitcoin Amid Market Downturn
Galaxy Digital moved $148M in Bitcoin to new wallets, highlighting continued institutional interest despite market declines.
Galaxy Digital moved $148M in Bitcoin to new wallets, highlighting continued institutional interest despite market declines. Bitcoin (BTC) is trading at ₹74,71,569 ($78,407.00), up 0.1% since this brief published. This is an original Token Times brief based on reporting by Coinfomania, with live market data added, as of Fri, 30 Oct 2026 06:00:01 UTC.
This large Bitcoin transfer by a major institutional player suggests ongoing confidence in Bitcoin's long-term value proposition, even as the broader market experiences a downturn. It also underscores the role of institutional investors in shaping crypto market dynamics.
- Galaxy Digital moved $148M in Bitcoin to new wallets.
- Bitcoin's price dropped 2.38% in the past 24 hours.
- The transfer occurred amid a broader market decline.
- Galaxy's DeFi TVL fell 10.1% over the past week.
Galaxy Digital, a prominent crypto investment firm, has transferred $148 million worth of 
Bitcoin to newly created wallets, according to Coinfomania. This move comes at a time when the broader crypto market is experiencing a downturn, with the total market cap dropping to $2.69 trillion.
The transfer occurred as Bitcoin's price declined by 2.38% in the past 24 hours, currently trading at $78,308. Despite this, Bitcoin's market cap remains significant at $1.57 trillion, highlighting its continued dominance in the crypto market.
The transaction is corroborated by the fact that Galaxy Digital's DeFi total value locked (TVL) is $117.14 million, according to DeFiLlama, although it has decreased by 10.1% over the past week. This indicates that while the firm is still active in the market, it is not immune to the broader market trends.
The transfer of such a large amount of Bitcoin by a major institutional player like Galaxy Digital suggests ongoing confidence in the cryptocurrency's long-term value proposition. It also underscores the role of institutional investors in shaping crypto market dynamics, even during periods of market decline.
The broader market sentiment is currently in a state of 'Fear,' with the Fear & Greed Index at 30. This suggests that while institutional players like Galaxy Digital are making significant moves, the overall market is still cautious.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹74,62,135.02$78,308.00 to ₹74,71,568.94$78,407.00 — +0.13%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $75,000 in October?
Crowd-implied probability on Polymarket, ₹20.19M 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 30 05:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.13M (about $78,407.00), down 2.2% over 24 hours. The rupee itself trades about 8.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Galaxy Digital Transfers $148M in Bitcoin Amid Market Downtu — questions & answers
Why did Galaxy Digital transfer $148M in Bitcoin?
The exact reason is not specified, but the transfer indicates continued institutional interest in Bitcoin despite market declines.
How does this transfer affect the broader market?
While significant, the transfer's impact on the broader market is unclear, but it suggests ongoing institutional confidence in Bitcoin.
What is the current state of the crypto market?
The total crypto market cap is $2.69T, with Bitcoin's price down 2.38% in the past 24 hours and the Fear & Greed Index at 30.
How much is 1 Bitcoin worth in rupee today?
About ₹8.13M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $78,407.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.13% since this brief first published — trading at ₹74,71,569 ($78,407.00) now versus ₹74,62,135 ($78,308.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Coinfomania. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.