Analyst says Bitcoin whales have recently 24 hours reduced holdings by approximately 8162 coins, with selling pressure potentially increasing ahead of the FOMC

AT A GLANCE

The analyst says Bitcoin whales have recently 24 hours reduced holdings by approximately 8162 coins BTC，FOMC and may face downward pressure around the decision.

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⚡️View: The Bitcoin whale cohort has recently 24 hours significantly reduced its holdings, and the FOMC curse may strike again

According to BlockBeats,October 28, according to analyst alicharts, although Bitcoin has risen by more than 1%today, Bitcoin is still highly likely to be affected by the FOMC curse and suffer another significant decline.

According to data provided by the analyst, the Bitcoin whale cohort has recently realized approximately 156000000 USD in profits, increasing potential selling pressure. Meanwhile, the whale cohort's holdings have also decreased by approximately 24 over the past 8162 hours, amounting to BTC 664000000 USD worth approximately FOMC. This decline indicates that large holders are reducing exposure ahead of the 81,000 USD decision.

alicharts believes that Bitcoin's current key support level is near URPD. According to 1000000, nearly BTC 77,000 USD were traded there previously. If it breaks below this level, the next levels to watch are 67,000 USD, followed by 84,500 USD. To turn bullish, Bitcoin needs to break above 620000, where approximately BTC FOMC were traded.

In addition, recent 1%and Bitcoin price-volatility patterns show that Bitcoin's volatility in the first hour after the meeting is typically less than 24. A clearer direction often emerges within the following 1 hours and usually persists until weeks later.

Original link https://m.theblockbeats.info/flash/374172

Key points

BlockBeats, citing analyst alicharts, said that the Bitcoin whale cohort has recently realized approximately 156000000 USD in profits.
The whale cohort reduced its holdings by approximately 24 over the past 8162 hours, amounting to BTC worth approximately 664000000 USD。
The analyst says Bitcoin's key support level is near 81,000 USD; if it breaks below, watch 77,000 USD and 67,000 USD。
To turn bullish, Bitcoin needs to break above 84,500 USD。
The analyst says that FOMC Bitcoin volatility in the first hour after the meeting is typically less than 1%; a clearer direction often emerges within the following 24 hours.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Whales are investors who hold large amounts of Bitcoin. The data here show that they have recently reduced their holdings and realized profits, which may create selling pressure; however, this is only the analyst's view and does not mean the price will necessarily fall.

Why it matters to readers

Whale selling and market uncertainty around the FOMC may affect Bitcoin price volatility; 81,000 USD、77,000 USD、67,000 USD and 84,500 USD are the key price levels mentioned in the article.

Beginners can view this as a risk warning: the article describes a possible scenario, not a certain forecast, and trading should not be based solely on this content.

Risks and unknowns

The underlying on-chain data, calculation methodology, and price forecast have not been independently verified.
The content of the article is a media report of analyst alicharts' views.
FOMC Bitcoin's actual price direction and magnitude of volatility thereafter remain uncertain.

Analyst says Bitcoin whales have recently 24 hours reduced holdings by approximately 8162 coins, with selling pressure potentially increasing ahead of the FOMC

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