**Crypto Market's Recent Turmoil: What's Behind It?**

Recent geopolitical and economic events have rocked the crypto market. Key factors include the Iran-Israel conflict, UK's internal strife, significant sell-offs of Apple shares by major holders, a crash in Japan's stock market, and a massive $388 million Bitcoin withdrawal from Binance.

Over the past two days, Binance, the largest crypto exchange, has seen substantial Bitcoin outflows. Today, a notable Bitcoin withdrawal caught the community's attention. Spot On Chain reports that a Bitcoin whale, known as "12QVsf," withdrew 1,300 BTC from Binance, worth approximately $85.6 million. This whale has been making significant withdrawals lately, totaling 5,800 BTC over the past two days, valued at around $388 million, with an average Bitcoin price of $66,968.

**Positive Signals for Bitcoin**

These large withdrawals indicate an accumulation trend among Bitcoin whales, suggesting strong interest from high-net-worth investors who anticipate potential gains. Such support from whales is crucial for Bitcoin, the leading cryptocurrency by market cap, and could drive a bullish trend in BTC prices.

**FOMC Meeting on the Horizon**

The market eagerly awaits today’s FOMC meeting. While major reactions aren't expected, it's a critical event. Analysts predict that the Federal Reserve might hint at a potential rate cut in September. If announced, a rate cut could boost financial markets, with Bitcoin likely benefiting from increased investor optimism.

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