Whale Activity Fuels Market Momentum Amid Fed Decision

Despite the Federal Reserve's interest rate hike decision and the Clarity Act vote, Bitcoin has held steady above $76,000. Ethereum remains in a relatively narrow range of $2,370 to $2,430.

Mainstream altcoins like XRP and Solana have seen limited movement. However, whale wallets are making significant trades, drawing attention from investors.

According to Lookonchain, Chinese whale Garrett Jin withdrew 35,001 Ethereum worth $85 million from Binance and invested it in Hyperliquid. This move is estimated to support his short position on ZEC, as he currently holds a short position of 37,760 ZEC worth approximately $51.5 million.

Another large whale traded in SYN, which has gained over 100% in value. The whale with address '0x161C' opened a 4x long position with 3.25 million SYN ($588,000) on the Aster DEX and currently holds an unrealized profit of $304,000.

Jiang Zhuoer, a well-known Chinese Bitcoin miner, predicts that Bitcoin's price will rise to the $80,000 to $84,000 range due to strong market buying momentum.