🐋💥 Crypto Market Tanks as Dormant Bitcoin Whale Awakens!
After 5 years of silence, a massive $BTC whale sold 24,000 BTC ($2.7B) 😱 — sparking panic across the market.
👉 Proceeds went into Ethereum ($ETH), with the whale buying 400K+ ETH 🤑, opening leveraged longs 📈 and staking.
But the sell pressure wasn’t just from the whale…
📊 Fed Impact:
Powell’s dovish Jackson Hole speech gave markets a boost last week 🚀 ($ETH +10%, $XRP +5%)
Yet, doubts about a September rate cut 🤔 dragged momentum down.
Rate cut odds: CME 87% 📉 | Polymarket 81% 🎲
💸 By Monday morning:
$80B wiped from total crypto cap 💔 (below $4T)
$715M liquidations from leveraged traders ⚡
#BTCWhalesMoveToETH 🐳➡️🦄