Whales are also confused: One bought 65 million dollars, the other sold 265 million

While the cryptocurrency world is eagerly waiting for the Fed's interest rate decision on September 18, the aggressive movements of the whales in recent days have not escaped. After some of the AAVE whales were bought and some sold, the two Bitcoin whales also made large sums of transactions.

The big transactions made by two Bitcoin whales in the last week draw attention. According to the information given by the on-chain tracking platform Lookonchain, a whale sold $265 million in Bitcoin in the last week. The whale also moved 380 BTC worth 21 million dollars to the Binance exchange tonight.

Although 265 million dollars is not a large amount, the recent purchases made by another whale were also reflected in the data on the chain. Again, the purchases of a whale that received 242 BTC worth 13 million dollars from the Binance exchange tonight, reached 65 million dollars in the last 4 days. The whale bought 1145 Bitcoins in the last 4 days.

Fed discount rate confuses

All these buying and selling show that even whales are confused. While it is considered certain that the Fed will make an interest rate cut on September 18, the rate of this reduction determines the course of the prices. Markets, on the other hand, make discount pricing of 25 to 50 basis points at an almost equal rate. This situation is also reflected in whale movements.