Known for buying at low prices and selling high, the trader, who bought $16 million yesterday morning, made a new purchase of $14 million this morning and bought a total of $30 million worth of Bitcoin in 2 days. The account currently holds 463.16 BTC. The whale had made a profit of $30 million at the end of his trading transactions since last year. This person almost bought again in two days, with all this profit he made.

Bullish expectation continues

The cryptocurrency world is in an upward expectation, especially with the end of the Fed’s monetary tightening policy. The markets expect the Fed to start cutting interest rates in September, but Powell, the head of the institution, persistently avoids giving a date on this issue.

According to the Fed WatchTool chart created by the CME exchange based on transactions in the futures markets, the expectation that the institution will leave interest rates unchanged in September is currently only 3.8%… This rate was 0% in the past days.

The markets are pricing a 25 basis point rate cut at 91.7% and a 50 basis point rate cut at 4.5% in September.