Crypto Market Reacts to Powell’s Speech: Whale Reopens Bitcoin and Ethereum Positions

Following U.S. Federal Reserve Chair Jerome Powell’s speech at 2:30 AM UTC+8, which triggered a market downturn, a renowned cryptocurrency trader has reopened long positions in both Bitcoin (BTC) and Ethereum (ETH). The trader, known for their consistent success, previously closed BTC positions at $112,846. Now they are reinvesting approximately $113 million in BTC at the lower price of $110,123. Similarly, ETH positions were closed at $4,000 and reopened at $3,889, with an investment of $52.3 million. The trader continues to maintain their SOL holdings, which have been increased to a total value of $108 million despite the asset currently trading below its previous valuation.