Bitcoin Whale Buys $680M in BTC Ahead of Fed’s Rate Cut Decision

The timing of the purchase is critical as the Fed is expected to cut rates by 25-basis-points and it will be a key macroeconomic catalyst for risk assets like Bitcoin.

Bitcoin Whale Buys $680M in BTC Ahead of Fed’s Rate Cut Decision

An unknown Bitcoin whale purchased over $680 million in BTC just a day before the highly anticipated Federal Reserve interest rate decision today on September 17. While market players are expecting a 25-basis-point rate cut, this massive transaction signals a significant bullish bet. 

Onchain data from Arkham confirms that the acquisition took place on September 16, between 15:47 to 17:02 UTC. This Bitcoin purchase is one of the largest single-day accumulation this year. 

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