Core Insights - Crypto markets are experiencing turbulence due to whale position reshuffling and long-term holders cashing out ahead of a significant Federal Reserve meeting [2][4] - The next major movement in Bitcoin may be influenced by both whale psychology and Federal Reserve Chair Jerome Powell's decisions [2] Whale Activity - A notable whale with a 100%-win rate closed all 2,186 BTC (valued at $256.56 million) in long positions, realizing only a modest profit of $1.4 million, indicating a rare caution from this trader [3] - Another whale, identified as "0x4e8d," exited long positions worth $47.68 million at a loss, while others like Machi Big Brother increased their positions in ETH and HYPE [4] Long-term Holder Behavior - Long-term Bitcoin holders have sold 325,600 BTC in the last 30 days, marking the sharpest drawdown since July 2025, reflecting a wave of profit-taking [5] - This selling trend among long-term investors contrasts with the accumulation behavior observed among whales, who seem to be buying the dip [5]