Yesterday’s Federal Reserve meeting resulted in a 25 basis point rate cut and a revised policy indicating fewer cuts than anticipated next year. The announcement triggered a significant market retrace, with Bitcoin leading the downturn.
BTC dropped 8% from its all-time high, briefly testing liquidity levels before bouncing above $98,000. This retrace wasn’t limited to crypto; broader markets also experienced volatility in response to the Fed’s decisions.
Adding intrigue to the situation, CryptoQuant shared data revealing a massive move by a longstanding BTC whale. Over 72,000 BTC were transferred, raising speculation that this could signal a market top. Historically, such large movements by early adopters often precede critical price shifts, as their actions influence market sentiment and liquidity.
Despite the drop, Bitcoin’s ability to hold above key liquidity zones has reassured some investors. However,…
