CMC News

$BTC Whale Transfers $116M Before #FedRate Decision

A dormant $BTC whale transferred 1,000 $BTC worth $116 million after remaining inactive for 12 years. The whale originally acquired the tokens at $847 each, representing a massive unrealized gain before Wednesday's transfer to new wallets.

The timing coincides with the Federal Reserve's highly anticipated interest rate decision, with 96% of market participants expecting a 25-basis-point cut. #CME Group's FedWatch tool shows increased confidence in rate cuts compared to 85% anticipation just one month ago.

#Bitcoin futures open interest declined by over $2 billion in five days as traders reduced risk exposure ahead of the #FOMC meeting. Over 57% of $BTC holders across exchanges are currently positioned short, betting on price declines despite recent strength.

However, traders on major exchanges have been accumulating $BTC leading up to the Fed decision. Nine consecutive days of constructive outflows drove $BTC's bounce from $108,000 to above $115,000, according to on-chain analytics.

Benjamin Cowen, CEO of Into The Cryptoverse, called Wednesday's meeting "the most important FOMC of our lives." The sentiment reflects widespread market anticipation around potential monetary policy shifts affecting crypto markets.

Bank of America analysts expect at least two Fed rate cuts in 2025, while Goldman Sachs economists project three 25-basis-point reductions. The whale's massive transfer adds another layer of uncertainty as markets brace for potential #volatility.

The $116 million movement represents one of the largest dormant whale activations in recent months. Such transfers often signal major market participants repositioning ahead of significant macroeconomic events.