[Analysis] Bitcoin Whale Holdings Flat at 5.23 Million BTC as CPI, FOMC Loom
Summary
- Ali Martinez, citing on-chain data, said Bitcoin (BTC) whale holdings stayed at about 5.23 million BTC over the past week.
- The lack of a clear change in whale holdings suggests large investors are staying on the sidelines rather than moving aggressively to buy or sell.
- Martinez said Bitcoin whales would decide their next investment move in Bitcoin and the broader digital-asset market after watching the CPI and FOMC.
Forecast Trend Report by Period
Bitcoin whale holdings were virtually unchanged over the past week, in a sign that large investors are staying on the sidelines ahead of major U.S. economic events.
On Sept. 9, crypto analyst Ali Martinez, citing on-chain data, said Bitcoin whales kept their holdings at about 5.23 million BTC during the past week.
The lack of a clear shift in those holdings suggests large investors have refrained from aggressive buying or selling.
"Bitcoin whales are waiting," Martinez wrote, adding that they are watching the U.S. consumer price index report and the Federal Open Market Committee meeting before deciding their next move.
Market participants view the CPI data and the FOMC's rate decision as key factors that could shape the direction of Bitcoin and the broader digital-asset market.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.