Whale Activity Ignites Amidst Market Correction After Fed’s Interest Rate Announcement

The US Federal Reserve (FED) revealed its interest rate decision yesterday, with the anticipated 25 basis point cut. However, Chair Jerome Powell maintained a hawkish tone, signaling potential delay in future rate cuts and sparking market volatility. While Bitcoin and altcoins experienced a brief correction due to this news, large investors known as whales are exhibiting strong bullish behavior. According to Lookonchain’s analysis, despite the overall decline, many whales have taken long positions on popular exchanges like Hyperliquid, Kraken, and others.