1700 BTC $149 million inflow into Galaxy Digital: A new signal of institutional positioning at the low end

On January 22, 2026, early morning Beijing time, 1,700 BTC were transferred from an anonymous address to Galaxy Digital. This large transfer, valued at approximately $149 million, attracted on-chain attention. In the current environment where BTC prices are relatively low and market sentiment is volatile, what does this transfer reveal?

Core of the Event: Institutional Accumulation at Low Levels

According to the latest data from Arkham, at 02:34, 1,700 BTC were transferred from an anonymous address (starting with bc1qp8se…) and, after routing, flowed into Galaxy Digital. This is a significant on-chain transfer, enough to indicate Galaxy Digital’s strategic positioning at this market point.

Galaxy Digital’s Strategic Moves

Recent Key Initiatives

Galaxy Digital has recently undertaken a series of actions worth noting:

These actions outline a clear picture: Galaxy Digital is adjusting its asset allocation while building a large position.

CEO’s Attitude Shift

Galaxy Digital CEO Mike Novogratz recently expressed disappointment with BTC’s recent performance, believing that Bitcoin has not gained safe-haven demand like gold. He pointed out that BTC needs to return to the $100,000 to $103,000 range to resume an upward trend. However, this disappointment did not stop Galaxy Digital’s accumulation activities; instead, it may suggest that they see the current price of around $87,905 as a relatively low buying opportunity.

What Does This Transfer Signify

Signals from Institutional Investors

1. Low-level accumulation signal: When BTC is down 1.83% in 24 hours and down 8.88% over the past week, large transfers often indicate long-term optimism from institutions.

2. Supporting actions for hedge fund setup: Galaxy Digital is establishing a $100 million hedge fund, planning to allocate about 30% of assets to cryptocurrencies. This BTC transfer could be preparatory for fund allocation.

3. Strategy adjustment indication: Recent ETH sales and BTC accumulation suggest Galaxy Digital is reevaluating its asset allocation weights.

Market Implications

According to relevant data, BTC currently accounts for 59.10% of the total crypto market cap, with a 24-hour trading volume of $5.741 billion. Large institutional buy-ins at this point could influence market sentiment. Especially considering Galaxy Digital’s reputation as a well-known institutional investor, such moves often attract follow-on investments from other investors.

Key Follow-up Points to Watch

Based on current information, several areas merit close observation:

• The specific allocation details of the $100 million hedge fund launched in Q1
• Whether Galaxy Digital will continue increasing its BTC holdings
• If other institutional investors will follow suit and build positions
• Whether BTC’s price can return above $100,000

Summary

This transfer of 1,700 BTC is not just on-chain data; it reflects institutional investors’ market judgment. In a period of low prices and volatile sentiment, Galaxy Digital’s accumulation indicates that institutions are not bearish but are preparing for the next phase of the market. From the CEO’s comments, they believe BTC’s opportunity lies in returning above $100,000, and current prices are an opportune moment for strategic positioning. Moving forward, it will be important to see if this signals more institutions to follow suit and how Galaxy Digital’s $100 million hedge fund will ultimately allocate these assets.