BitcoinA whale that had been dormant for nearly 12 years transferred 1000 coins worth approximately $116 million shortly before the US Federal Reserve’s interest rate decision.
A major investor is known to have initially purchased Bitcoin 12 years ago at approximately $847 per coin and is now moving his holdings ahead of the Federal Open Market Committee (FOMC) meeting. This is a highly anticipated event for crypto industry participants, which could lead to the first interest rate cut in the US this year.
Market analysts are calling this Fed decision one of the most significant in 2025—96% of participants expect a 25 basis point rate cut, according to CME Group’s FedWatch tool. A month ago, this figure stood at 85%.
Tomorrow is the most important FOMC meeting of our lifetimes… until the next one, said Into The Cryptoverse founder and CEO Benjamin Cowen.
Despite the optimistic forecasts, most cryptocurrency traders are preparing for a short-term downturn in the crypto market.
According to blockchain data from CoinAnk, over 57% of Bitcoin holders across all exchanges are currently short, meaning they are betting on a decline in the price of BTC, while only 42% are long.
On the Binance There has been a nine-day «constructive outflow» in Bitcoin ahead of the FOMC meeting, a trend that appears to be «the main driver behind Bitcoin’s recent jump from $108,000 to $117,000,» according to analytics platform CryptoQuant.