Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee because markets are anything but calm this week. Between shifting whale positions, record Bitcoin sell-offs, and a high-stakes Fed decision, traders are bracing for fireworks as bulls and bears fight for control of the next big crypto move.
Crypto News of the Day: Whales Reshuffle, Holders Dump, and Traders Brace for Powell’s Call
Crypto markets are bracing for turbulence as whales reshuffle positions and long-term holders cash out ahead of a pivotal Federal Reserve meeting. With traders split between risk and restraint, Bitcoin’s next big move may depend as much on Jerome Powell as on whale psychology.
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According to Lookonchain, one whale wallet known for a 100%-win rate closed all 2,186 BTC ($256.56 million) in long positions with only a modest $1.4 million profit. This is a rare sign of caution from a trader typically known for precision timing.
Another whale, “0x4e8d,” exited $47.68 million worth of longs at a loss, while others like Machi Big Brother doubled down on ETH and HYPE longs. Meanwhile, a familiar short-seller who earned $8.3 million during October’s crash has reopened ETH shorts, suggesting expectations of renewed downside pressure.
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Author: Lockridge Okoth
