**Bitcoin Faces Potential Dip Below $50K This Weekend**
Bitcoin (BTC) might drop below the crucial $50,000 mark this weekend, driven by large holders, or "whales," cashing in on profits. Recently, a whale sold 100 BTC for over $5.3 million, netting $206,000 in profit. This trend could continue, as 402,000 BTC worth $21 billion were bought by addresses likely aiming to sell at breakeven.
Former BitMEX CEO Arthur Hayes predicts a sub-$50K correction, while Bitfinex analysts warn of a potential dip before a real bull rally. Adding to the pressure, Galaxy Digital deposited $78.5 million BTC to Coinbase Prime.
With the Federal Reserve's rate decision on Sept. 18, investors expect more downward pressure on BTC. The CME FedWatch tool indicates a 70% chance of a 25 basis-point rate cut, which could impact market sentiment.