According to a report by Golden Finance, as monitored by Yu Jin, since July 15th, when Ancient Whale entrusted Galaxy Digital to sell 80000 BTC, about 68000 BTC have been transferred out in batches to exchanges and independent addresses. Among them, 14000 coins entered Binance, 8975 coins entered Bitstamp, 7420 coins entered Bybit, 7150 coins entered OKX, and about 30400 coins were transferred to multiple independent addresses (possibly OTC buyers). At present, there are still about 12000 BTC (approximately $1.38 billion) unsold, and it is expected that the remaining portion will have limited impact on market liquidity.