Bitcoin Whales Signal Potential Market Downturn: Activity Drops Ahead of Fed Rate Hikes

Recent data suggests that long-term Bitcoin holders are actively selling their holdings, raising concerns about potential market downturns. This trend aligns with historical patterns observed before significant price fluctuations. The Long-Term Holder Binary Spending Indicator shows a surge in activity from these older wallets, indicating a shift away from holding for long periods. Experts attribute this move to anticipated market corrections as the Federal Reserve is likely to decrease interest rates, which may signal the beginning of a correction.