⚠️ Bitcoin Oversold? RSI Hits Rare Lows as Galaxy Digital Moves Massive BTC Bags

[cryptobro]

The Bitcoin market just had a rollercoaster moment — and it’s not over yet. Galaxy Digital’s surprise BTC shuffle sent shockwaves through the charts, and RSI levels collapsed to territory we rarely see.
🧊 What Just Happened?

Galaxy Digital reportedly moved thousands of BTC to exchanges, spooking the market. This kicked off a cascade of over $500M in liquidations within 24 hours, sending Bitcoin tumbling to $114,600.

But here’s the kicker: those coins? They’ve been dormant for 14 years. So yeah, the market noticed.
RSI Went Full Panic Mode

On 15-minute timeframes, RSI dropped to 6 out of 100. That's ridiculously oversold.

But... bullish divergences are now forming. RSI is making higher lows while price makes lower lows — a classic sign that the selling might be running out of steam.

“I have never seen BTC this oversold. Never.” — @CryptoAnalyst

So Is This a Bottom?

Not guaranteed — but the signs are promising:

Hourly RSI hovering at 30 = buyers may step in soon.

Bid support forming at $114,500, with sell pressure stacked up to $118,500, according to CoinGlass.

Trader Skew points out that panic volume isn’t here yet, which means this might just be cautious positioning — not full-blown capitulation.

Eyes on $117K

With RSI recovering and the market trying to absorb the sudden BTC supply, $117,000 is now the level to watch. If we can hold or reclaim it, momentum may swing back toward the bulls.
🧠 TL;DR:

🚨 Galaxy Digital dumped old BTC onto exchanges — triggered a selloff

📉 RSI hit insanely low levels (6/100), now showing bullish divergence

💸 $500M+ in liquidations in 24h

📊 Support: $114,500 | Resistance: $118,500

🎯 Watch for reclaim of $117K

What do you think? Temporary panic or a deeper trend reversal brewing? Drop your charts and setups below.

[Maxwell]

500M in liquidations and RSI still printing divergence? Not your usual dump — feels more like smart positioning for the next leg."

[rafihasan]

Dormant BTC waking up after 14 years feels like a coordinated move. Either smart money is exiting… or baiting retail panic." 🧠

[Nahiar806]

That RSI 6 on the 15-min is wild. Haven’t seen numbers like that since major macro bottoms — could be a golden entry for the brave.