Two dormant Bitcoin wallets from the early “Satoshi era” have recently become active, moving a total of $325 million worth of Bitcoin just before a major U.S. Federal Reserve interest rate decision.
According to Spot On Chain, the first whale transferred 2,343 BTC, valued at approximately $222.2 million, after being inactive for 10.5 years. The second whale re-emerged after more than 11 years, moving 1,079 BTC worth roughly $102.5 million. The motivations behind these transfers remain unclear, but they could be due to recovered private keys, changes in ownership, or long-term holders preparing to liquidate their positions.
These movements come just before the Federal Reserve’s next interest rate announcement, where policymakers are expected to maintain the current interest rate range of 4.25% to 4.50%. The whales’ actions suggest they may be positioning themselves ahead of expected market volatility.
Bitcoin has been trading in a narrow range, consolidating between $94,000 and $95,000. On-chain data shows that about 88% of Bitcoin’s circulating supply is currently in profit, with most losses sitting with people who bought between $95,000 and $100,000.
The MVRV Ratio has pulled back to its long-term mean of 1.74, indicating a consolidation phase and investor reset period. The Realized Profit/Loss ratio has rebounded above 1.0, signaling a shift towards profit realization and improving sentiment.
Despite the high profitability and bullish signs, the market may face short-term selling pressure as more holders start locking in gains. At the time of writing, Bitcoin was trading at $94,175 per coin.
It is important to note that this article does not represent investment advice and is for educational purposes only.