OG whales just trimmed another chunk, selling over $100M in BTC right after the Fed's hawkish rate freeze at 3.5-3.75%. That 2013 vintage wallet, acquired at $332 apiece, has now offloaded half its 5K stack since late 2024, realizing 31,000% gains in measured 250-500 BTC increments. This indicates strategic rotation amidst Powell's inflation warnings and oil spikes, rather than panic.
BTC dipped 1.7% to $73,700 on the news, testing a key support level after an 18% year-to-date slide. Institutions absorbed most of 2025's record OG selling, but this fresh flow holds more weight with the Fed signaling just one rate cut for the year. Liquidity is currently cushioning the impact, yet $44B daily volume is showing signs of strain as potential ETF outflows loom.
The implications of this whale activity will be important. A sustained hold above $70K is crucial, as is monitoring ETF flows and future Fed signals from Powell. These elements will provide insights into the market's trajectory.
