Warning! Over 70,000 BTC have flowed into exchanges in the past 24 hours. On the eve of December 11, is the whale holding back a big move?
Latest on-chain data (verified by Whale Alert + CryptoQuant + Glassnode, past 24 hours:
Binance net inflow 35,290 BTC
Coinbase net inflow 29,668 BTC
Kraken +5,255 BTC
Bithumb +6,303 BTC
Total 71,516 BTC, worth over $6.5 billion, all from cold wallets and OTC large holders, a clear whale-level operation!
This wave of inflow directly set a new single-day high since November.
Many people are already scared, shouting 'The market is going to crash' and 'The large holders are running away'.
But I tell you a more terrifying fact: a significant portion of this batch of BTC comes from institutional custody addresses and ETF-related wallets. They are not simply looking to sell but are 'loading the bullets'.
Why choose now?
Because the day after tomorrow (December 11) at 3 AM is the Federal Reserve's last meeting of the year + economic forecast dot plot + Powell's speech!
Three scenarios:
1. Cut by 25bp + dovish dot plot → Liquidity will explode, BTC reaching 100k+ is not a dream
2. Cut by 25bp + hawkish dot plot (reduction in rate cut frequency for 2025) → Short-term drop to 85k-88k and then buy the dip
3. Unexpectedly no cut/pause → Directly reenacting the flash crash of December 2022
Whales moving coins to exchanges are preparing to 'sell out' or 'eat orders' in that moment, retail investors will be forced to cut losses.
Now the entire market is holding its breath:
- Fear and Greed Index at 24 (extreme fear)
- Stablecoin USDT just broke through a new high of 190 billion, bullets are loaded
- BlackRock's ETF outflow of $878 million this week, seemingly reducing positions, but behind the scenes, they are aggressively buying OTC
In summary:
On December 10-11, Bitcoin will either rise or fall; in any case, it won't let you sleep. For those holding coins, prepare your stop-loss/buy positions; for those without positions, keep cash ready, don't rush in now. A storm is coming, but after the storm, there is often a rainbow. Starting tonight, 24 hours of sleeplessness, we'll endure together until the Federal Reserve! Transfer this so more people can see this grand performance! $BTC
