Last night, the U.S. stock market plummeted, which also brought down the encryption market. BTC reached a minimum of 5.250,000. The main reason for this is that news shows that in yesterday's speech by the Federal Reserve, it was stated that interest rates may be violently cut by 50 points in September.
As soon as the news came out, some institutional whales have already made corresponding hedging operations. Let’s take a look:
Institutions:
· BlackRock BUIDL Fund transferred 1 million USDC to an unmarked address 11 hours ago
· Galaxy Digital deposited 1,458 BTC into Coinbase Prime 8 hours ago
· The Alameda label address has transferred USDT and ETH worth approximately US$7.8 million.
Big players:
· A smart money address that has opened a position in WBTC since November 2023 is suspected of beginning to liquidate its positions.
· A whale long on ETH sold 5178 wstETH and stETH in the past 4 hours to avoid being liquidated
· 14,241 ETH transferred from unknown wallet to Coinbase
So for the current market situation, it is better to lie down and pay attention to @dappOS_com
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Impact of airdrop campaigns
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