Bitcoin whale moves 1,000 BTC after 12 years

A dormant Bitcoin whale transferred 1,000 BTC worth $116M right before the U.S. Fed meeting, fueling market volatility expectations.

$116M transfer ahead of Fed decision

A long-dormant Bitcoin whale has moved 1,000 BTC valued at $116 million just before the U.S. Federal Reserve’s key meeting. The coins were originally bought for $847 each, totaling $847,000 in 2012, according to blockchain tracker Lookonchain.

The transaction came hours before the Federal Open Market Committee session, where 96% of analysts expect a 25 basis point cut, CME FedWatch shows.

Traders brace for volatility

Over 57% of Bitcoin holders across exchanges are shorting BTC, while only 42% remain long, CoinAnk data shows. Bitcoin futures open interest dropped by more than $2 billion in five days, signaling cautious sentiment.

Still, Binance has seen nine consecutive days of Bitcoin outflows, which onchain platform CryptoQuant cites as a key reason behind BTC’s rebound from $108,000 to $115,000.

Bank of America forecasts two rate cuts in 2025, while Goldman Sachs predicts three. Against this backdrop, the whale’s sudden move is seen as an additional trigger for uncertainty in the crypto market.