What are the Bitcoin whales plotting for the next few hours?

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In the coming hours, events of gigantic importance for the cryptocurrency market will take place. Among them, the monetary policy decision by the Federal Reserve of the United States stands out. Additionally, a meeting is expected between the presidents of the U.S., Donald Trump, and China, Xi Jinping. How do Bitcoin whales face what remains of the prelude?

Investor expectations of all sizes are remarkable, given what may happen at the Fed meeting. However, this event is much more predictable and the consensus among analysts expects a nearly certain 25 basis point cut to the interest rate.

But the meeting between Trump and Xi is the highlight of the week due to its significance for the global economy. In the major futures trading portals, there is evidence of a majority of long positions being opened, which reflects optimism.

However, in the spot market there is a bit more caution among the capital. This is reflected in the fact that the price of Bitcoin has stalled at $115,000.

This scenario of relative uncertainty gives way to the decisive role of Bitcoin whales. Due to the size and psychological impact of these entities, all eyes are now on them. The trend these addresses take in the coming hours will be crucial for the decisions of the rest of the market.

The environment among Bitcoin whales

According to on-chain data, since this Monday there have been significant movements of interest among whales. Among them, massive transfers of stablecoins, particularly USDT, to a certain exchange platform stand out.

Likewise, during that day, huge outflows from centralized exchanges were reported, such as in the case of two combined transactions of over 12,700 bitcoins from a platform to unknown wallets.

From another platform, BTC outflows were also reported, such as a transaction of 2.126 BTC this Tuesday. On the other hand, an inflow transaction of over 2,000 bitcoins to another platform was also reported, which so far is small compared to the BTC outflows from the exchanges.

All of this suggests that the atmosphere of optimism is prevailing among the large wallets or whales of Bitcoin. This Tuesday marks the beginning of the Fed's monetary policy meeting; it is likely that some higher interest movements will be reported that could be linked to whales with insider information.

This could be decisive, so it is of great importance to constantly monitor the behavior of whales in the coming hours.

On the other hand, the role of ETFs is also highlighted, another important indicator for determining the mood of large portfolios. During the session on this Monday, these stock products that reflect the spot price of BTC saw positive flows close to $150 million, according to market data.

Generally speaking, everything points to large wallets driving the price of Bitcoin, in theory.

BTC-1.57%
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