Large historical investors have just significantly reduced their holdings, selling over 100 million dollars of BTC right after the Fed froze interest rates between 3.5% and 3.75%. This portfolio dating back to 2013, acquired at $332 per unit, has now liquidated half of its 5,000 BTC since late 2024, generating a 31,000% gain in tranches of 250 to 500 BTC. This demonstrates a strategic rotation in response to Powell's warnings about inflation and the surge in oil prices, rather than panic.

BTC declined 1.7% to $73,700 following this announcement, testing a key support level after an 18% drop since the start of the year. Institutions absorbed most of the record gold sales (OG) recorded in 2025, but this new influx of capital is taking on increased importance, with the Fed having announced only one rate cut this year. Liquidity is currently cushioning the impact, but the daily volume of 44 billion dollars is showing signs of strain in the face of the threat of potential outflows tied to ETFs.

The consequences of this whale activity will be significant. Sustaining above $70,000 is crucial, as is monitoring ETF flows and future Fed signals, particularly from Jerome Powell. These elements will help better understand the market trajectory.
$BTC