Whale transactions in Bitcoin, Ethereum, and stablecoins surged after the U.S. Fed’s interest rate cut.
Altcoins like STG, GMX, and GALA saw sharp increases in whale activity, signaling potential price movements.
Bitcoin broke into the $62K range, with analysts predicting further gains amid renewed market optimism.
Whale activity in major cryptocurrencies, like Bitcoin and top stablecoins, is increasing following the U.S. Federal Reserve rate cut. These large transactions have placed some altcoins like STG, GMX, BIGTIME, OGN, GALA, and PIXEL on the radar of analysts.
Big Bitcoin Moves
A few hours ago, 2,000 BTC worth $120.6 million and 2,372 BTC worth $143.6 million were transferred between unknown wallets. Around the same time, Bitcoin, worth over $114 million, was moved out of Coinbase to a private wallet.
Ethereum also saw significant movement, with most whale transactions involving transfers of ETH to various exchanges, likely for sale.
Stablecoins See Action Too
Meanwhile, stablecoins have also seen notable whale transactions. Coinbase’s institutional entity transferred $65 million USDC to an unknown wallet less than six hours ago. At …
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