Sleeping Bitcoin Giants Awaken: $325M Moves as Fed Looms
Dormant whale wallets just shook off the dust—$325 million in BTC on the move hours before the Fed’s rate decision. Timing? Probably ’coincidental.’
Why now? Speculation runs wild: Profit-taking? Hedging? Or just whales playing chess while retail traders fight over pennies.
Bonus cynicism: Wall Street will spin this as ’institutional interest’—ignoring that crypto’s real whales still wear anonymous keypairs, not suits.
The Reason for the Movement
The exact reason behind these sudden BTC transfers remains unclear, but several possibilities have been suggested. It could be that long-term whales are preparing to liquidate their holdings, the coins may have changed ownership, or perhaps the original holders recently recovered access to their private keys and chose this moment to move the assets.
Another possibility is that the whales are positioning themselves in anticipation of potential market volatility, especially with the U.S. Federal Reserve set to announce its new interest rate on May 7.
It is widely expected that the Fed will maintain its current interest rate range of 4.25% to 4.50%, signaling a cautious approach amidst ongoing economic uncertainties and the possible ramifications of Trump’s trade tariffs.
Another factor could be that these whales are looking to lock in their profits. Reports indicate that the majority of BTC holders are currently in profit, while those who aren’t likely purchased their Bitcoin between $95,000 and $100,000.
On another note, Bitcoin’s market dominance is nearly at 64%, even though its price has struggled to stay above $95,000. Spot BTC ETFs have seen continued inflows for the third straight week.
While analysts are predicting a possible dip to $92,000, the rising dominance suggests that Bitcoin is outpacing altcoins, which are facing steeper losses. Meanwhile, the global crypto market cap has seen a slight drop, although daily trading volume is increasing.
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