Dormant Bitcoin Whales Stir as Fed Rate Decision Nears
- Two dormant Bitcoin whales have moved over 2,000 BTC in the past three days.
- A Satoshi-era whale transferred 1,000 BTC worth $117 million to four new wallets.
- Another whale deposited 1,176 BTC to Hyperliquid, signaling potential selling intentions.
- Institutional demand remains robust as ETF-driven accumulation surpasses new supply.
- CME’s FedWatch tool indicates a high probability of a rate cut, with a strong likelihood of a quarter-point decrease.
Dormant Bitcoin whales are becoming active as the U.S. Federal Reserve’s rate cut decision approaches, moving substantial amounts of BTC possibly for profit-taking. Despite this activity, institutional interest in Bitcoin remains high due to significant ETF accumulation exceeding new supply levels.
The recent movements by these whales highlight the ongoing dynamic between individual profit strategies and institutional confidence in Bitcoin ETFs. This comes at a time when market participants widely anticipate a rate cut from the Federal Reserve. (Source)
