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Bitcoin's sharp 21% drop in 2026, hitting $60K lows not seen in 16 months, signals a massive shift in crypto markets. Galaxy Digital CEO Mike Novogratz shared this view at the CNBC Digital Finance Forum, calling it the end of retail-driven hype trading.
Why This Dip Feels Different
Unlike the 2022 FTX crash that shattered trust, there's no single "smoking gun" this time. Novogratz points to October 2025's $19.37B wipeout in leveraged positions, which crushed retail traders and market makers. Crypto thrives on narratives that draw in speculators chasing 10x-30x gains, but those players are now sidelined.
Shift to Institutional Plays
The "age of speculation" is fading as institutions with lower risk appetites enter. Expect crypto infrastructure to power real-world assets (RWAs), tokenized stocks, and global banking services – but with modest returns like 11% annually, not moonshots. This maturation could stabilize prices long-term.
Bullish on Regulation Ahead
Novogratz is optimistic about the CLARITY Act passing soon, with bipartisan support to rebuild market confidence. Even Senator Chuck Schumer reportedly said, "We're going to pass the goddamn CLARITY Act."
Traders on Binance, this pivot from retail frenzy to institutional utility could redefine your strategies – less volatility, more real yields. What's your take on RWAs in 2026? $BTC #CryptoMarkets #MikeNovogratz #GalaxyDigital #RWA

Shares of Galaxy Digital (GLXY) jumped 18% to $19.90 in the latest trading session after the company announced the approval of a share repurchase program of up to $200 million, to be executed over the next 12 months.
According to the official disclosure, Galaxy Digital may repurchase its shares through open market transactions, privately negotiated deals, or pre-arranged trading plans under Rule 10b5-1. The company also retains full discretion to pause, modify, or terminate the buyback program at any time, depending on market conditions and internal capital requirements.
A Strong Signal of Confidence From Management
The announcement is widely viewed as a strong signal from Galaxy Digital’s leadership that the company believes its stock is undervalued at current levels. Share buyback programs are often interpreted as a vote of confidence in a company’s long-term prospects, particularly when management chooses to return capital to shareholders rather than preserve excess cash.
By reducing the number of shares outstanding, buybacks can help support share prices, improve earnings per share metrics, and reinforce investor confidence—especially during periods of heightened market volatility and uncertainty.
Financial Headwinds, But Solid Liquidity Remains
The move comes after Galaxy Digital reported a net loss of $482 million in the fourth quarter, which had weighed on the stock in recent weeks. The loss reflected challenging market conditions, valuation adjustments, and ongoing volatility across digital asset markets.
Despite the short-term pressure, Galaxy emphasized that its full-year adjusted gross profit reached $426 million, demonstrating the underlying strength of its core businesses. More importantly, the company ended the year with approximately $2.6 billion in cash and stablecoins, underscoring its strong liquidity position and resilient balance sheet.
Strategic Flexibility in a Volatile Market
CEO Mike Novogratz highlighted that Galaxy’s solid financial foundation allows the firm to remain flexible—continuing to invest in long-term growth initiatives while also returning capital to shareholders when market pricing does not accurately reflect the company’s intrinsic value.
This dual approach positions Galaxy to navigate ongoing market volatility while maintaining strategic optionality as digital asset markets evolve.
Broader Market Context
Galaxy Digital’s rally stands out amid broader uncertainty across both traditional equity markets and the crypto sector. The sharp price reaction suggests that investors are increasingly rewarding companies with strong balance sheets, disciplined capital management, and clear signals of confidence from leadership.
While near-term risks remain, the buyback announcement has shifted market sentiment toward a more constructive outlook for Galaxy’s equity.
📌 Disclaimer:
This article is for informational purposes only and represents a personal market commentary. It does not constitute financial or investment advice. Investors should conduct their own independent research before making any investment decisions. The author assumes no responsibility for any financial outcomes resulting from actions taken based on this content.
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#GalaxyDigital #GLXY #CryptoStocksRevolution

In the fast-paced world of crypto, big transactions often serve as early signals of what might come next. And this week, Ethereum has once again found itself in the spotlight. Onchain monitoring platforms have revealed that three newly created wallets have accumulated a staggering 10,600 ETH from Galaxy Digital in just 15 minutes.

At the current market value, that’s an incredible $51.04 million worth of Ethereum — quietly moved into fresh wallets in one swift move.

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📊 Breaking Down the Transaction

According to OnchainLens, the monitoring tool that first flagged this activity, the ETH accumulation happened rapidly, with all three wallets being newly created. This means the buyers intentionally set up fresh addresses to collect and hold Ethereum — a strategy often linked to long-term positioning or institutional activity.

ETH moved: 10,600 ETH

Total value: ~$51.04 million

Source: Galaxy Digital

Timeframe: 15 minutes

This kind of transaction is not just about numbers — it highlights confidence in Ethereum’s future performance.

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🌐 Why Galaxy Digital Matters

Galaxy Digital, founded by Mike Novogratz, is one of the biggest players in the institutional crypto world. Their involvement in a transaction of this size automatically catches attention because it suggests that large-scale investors are still actively accumulating ETH, despite the volatility of the broader market.

The fact that these coins are going into new wallets indicates that this accumulation may not be intended for immediate selling. Instead, this could be positioning ahead of Ethereum’s next big move, whether that comes from technological upgrades, ETF flows, or a broader crypto rally.

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🔑 What Does This Mean for Ethereum?

Such large purchases often raise questions in the crypto community:

1. Institutional Confidence: Buying $51M worth of ETH in minutes reflects strong conviction from deep-pocketed players.

2. Bullish Signal: Historically, when whales accumulate ETH in bulk, it tends to precede strong price movements.

3. Liquidity Absorption: Removing such a large amount of ETH from circulating supply may tighten liquidity, giving prices room to rise faster if demand grows.

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📈 Ethereum’s Market Position Right Now

Ethereum remains the second-largest cryptocurrency by market cap, with dominance across DeFi, NFTs, and Layer-2 ecosystems. While Bitcoin often drives the headlines, ETH is widely considered the backbone of blockchain applications.

With ETH currently consolidating after a volatile year, a $51M accumulation event like this could act as a confidence booster for traders and investors watching the charts.

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🔮 Looking Ahead – Whale Moves Can’t Be Ignored

The crypto market has always been sensitive to whale movements. While not every big transaction guarantees a price surge, it often signals the sentiment of players who have the resources to move markets.

This latest Galaxy Digital-related ETH accumulation is one such event — highlighting that even in uncertain conditions, Ethereum is still attracting multi-million-dollar interest.

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📌 Final Thoughts

Three new wallets quietly absorbing 10,600 ETH worth $51M in just 15 minutes is more than just a headline. It’s a reminder that Ethereum remains one of the most trusted digital assets for large-scale investors.

👉 Whether this move leads to a price rally or is simply a long-term positioning play, one thing is clear: smart money continues to back Ethereum’s future.

$ETH

#Ethereum #ETHWhales #CryptoNews #GalaxyDigital #Blockchain