Bitcoin whales sell 8,162 BTC worth $664M amid FOMC meeting

Odaily Planet Daily reports, according to alicharts monitoring, although Bitcoin rose over 1% today, it remains highly likely to experience another significant decline due to the FOMC meeting. Data shows that Bitcoin whale groups have recently realized approximately $156 million in profits, increasing potential selling pressure. Over the past 24 hours, whale holdings decreased by about 8,162 BTC, valued at around $664 million. alicharts indicates this suggests large holders are reducing exposure ahead of the FOMC decision. Bitcoin’s current key support level is near $81,000; according to URPD, nearly 1 million BTC have traded at this level previously. If breached, the next levels to watch are $77,000 and $67,000. For a bullish reversal, Bitcoin must break above $84,500, where approximately 620,000 BTC have traded historically. Additionally, recent patterns between FOMC meetings and Bitcoin price movements show that Bitcoin typically experiences less than 1% volatility within the first hour after the meeting; a clearer directional trend usually emerges within the following 24 hours and often persists for up to a week.