Whale Buys $388M Worth of Bitcoin Ahead of US Fed Rate Decision‼️‼️‼️‼️

A crypto market whale has sparked optimism in the Bitcoin market by buying $388 million worth of BTC. Despite Bitcoin's recent price drop to $66,000, the whale's purchase has ignited hopes for a potential price rally. On-chain data shows the whale accumulated 5,800 BTC, worth $388 million, from Binance over two days.

Market Analysis

- Bitcoin's price is currently at $66,288, down 0.89% in 24 hours.

- BTC miners are nearing profitability again, hinting at an end to capitulation.

- The block production cost stands at $69,500, close to the current market price.

- Crypto market analyst Ali Martinez spotted a buy signal on the BTC chart.

What's Next?

The looming US Fed rate decision has added uncertainty to the market. However, the whale's massive accumulation and bullish on-chain metrics suggest a potential price rebound. Will Bitcoin sustain $66,300 and make further gains? Only time will tell.

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