In short
- Two sleeping bitcoin whales have been moved more than 2,000 BTC in the last three days.
- Despite the sales activity of whales, the institutional demand remains strong, with ETF-driven accumulation that is greater than a new offer.
- Experts propose to look at the tone of the FED chair in today’s rate meeting at 2 p.m. et.
Bitcoin whale Inactive has started to wake up for more than a decade, because the decision -making decision of the US Federal Reserve of 17 September is close.
A whale of the Satosh era woke up on Wednesday and transferred 1,000 BTC worth four new portfolios, according to on-chain Analytics platform Arkham.
In 2013, this whale received 1,000 BTC in four chunks, with the price of Bitcoin that floated around $ 843. At the current price of Bitcoin of $ 117,000, the same stack is now worth no less than $ 117 million.
More sleeping portfolios have begun to wake up like Bitcoin Keeps above the psychological level of $ 100,000.
On September 14, another Bitcoin -Walvis 1,176 BTC deposited Hyperliquid over two transfers, which may indicate an intention to sell. This wallet previously converted $ 4 billion to Bitcoin into Ethereum after a hyperliquid deposits.
Last Thursday also saw a similar activity when a 13-year-old sleeping whale moved part of his $ 50 million ownership to new portfolios, according to a previous one Decrypt report.
What is the next step for Bitcoin?
While old whales may move their participations to make a profit, last week’s ETF flows suggest that the institutional demand for Bitcoin remains high. The Monday report from Bitwise underlines this question by showing that the accumulation of listed funds is much greater than the new supply.
The revival of Bitcoin ETF flows “highlights a more cautious mood” Decrypt Last week. “Investors are now preferred by Bitcoin if the safer gamble prior to the Fed decision.”
CME’s Fedwatch tool shows a 100% possibility of a rate reduction, with the chance of a reduction of 25 basic points that fluctuates around 94%. On forecast market countless, launched by DecryptThe parent company Dastan, users, place a 91.8% chance on a 25 BPS rate rate and a 4.7% chance of a decrease of 50 BPS.
With the majority of investors who expect a quarter-point reduction, all eyes are now in the tone of the FED chairman Jerome Powell, according to experts in a previous one Decrypt report.
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