The large transactions of two Bitcoin whales in the last week attract attention. According to information provided by on-chain tracking platform Lookonchain, a whale has sold $265 million worth of Bitcoin in the last week. The whale also moved 380 BTC worth $21 million to the Binance exchange tonight.

Although $265 million is not a large sum, another whale’s purchases in recent days have also been reflected in on-chain data. Again, the purchases of a whale that bought 242 BTC worth $13 million from the Binance exchange in the last 4 days have reached $65 million. The whale bought 1145 Bitcoin in the last 4 days.

Fed discount rate is confusing

All these purchases and sales show that even whales are confused. While the Fed is certain to cut interest rates on September 18, the rate of this cut determines the course of prices. Markets are pricing a 25 and 50 basis point rate cut almost equally. This situation is reflected in whale movements.