🚨 #FOMCMeeting | $BTC Dormant Bitcoin Whales Wake Up After 10 Years—Just in Time for the Fed’s Big Rate Call! 🔥
The crypto world is buzzing as two dormant Bitcoin whales, holding massive amounts of BTC from the early “Satoshi era,” have woken up after a decade of inactivity. Just as the Federal Reserve's crucial interest rate decision approaches, these ancient wallets have shifted a whopping $325 million worth of Bitcoin. Is this mere coincidence, or is there something more at play?
💰 Whale Movements:
According to Spot On Chain, the first whale moved 2,343 $BTC (roughly $222.2 million) to a new wallet after a 10.5-year slumber. These coins were originally purchased in July 2013 for a mere $185,850—that’s about $85 per BTC. Talk about early adoption!
Then, the second wallet stirred after 11 years of inactivity, transferring 1,079 (approximately $102.5 million). The initial investment in 2013 was only $91K, and now those coins are worth a fortune.
🔍 Why Now?
The reasons behind these transactions remain unclear. Were the wallets forgotten and the keys finally recovered? Or have these patient investors finally decided to cash in? Whatever the reason, the timing is certainly suspicious, as it aligns closely with the Federal Reserve’s upcoming decision on interest rates.
📉 What’s Happening with the Fed?
The Federal Reserve is expected to hold interest rates steady at 4.25%–4.50%, as they adopt a more cautious approach amidst the economic uncertainty, including the ongoing effects of U.S. tariffs.
💥 Is This a Sign of Big Things to Come?
Between the dormant whales waking up and the Fed’s rate announcement, it’s safe to say this week will be anything but boring in the crypto world. Investors and crypto enthusiasts alike are on edge, wondering if these large transactions will signal a significant move in the Bitcoin market.