Hours before the Federal Reserve announced its latest interest rate decision, trading at the whale level led to 650 BTC (valued by $75.6 million) entering a new wallet with previous inactivity from Coinbase Prime following the whale alert.
Blockchain data shows that the coin comes directly from Coinbase's hot wallet and is currently sitting at a new address.
The deal will take place on the same day that Powell and the Fed are expected to cut fees for the first time in months. The market is already priced at a 25 bp move, but some banks are calling for even deeper cuts that could reduce borrowing costs to 3.50-3.75% by the end of the year.
🚨🚨🚨650 #BTC (75,618,633 USD) transferred from #coinbase to unknown wallethttps://t.co/xnfxsiseq2
– Whale Alert (@Whale_Alert) September 17, 2025
Bitcoin is trading higher in anticipation of the decision, and after spending much of its early September on under $112,000, it climbed back to $117,000.
Gold touched on a record high of around $3,700 per ounce before making profits, indicating bond yields were priced for reductions while investors moved to hedges. The two-year yield was around 3.56%, and the 10-year yield was nearly 4.06%.
Bullish or bearish?
Coinbase drawers are more than just a shuffle of coins. Removing $75 million worth of BTC from the exchange usually indicates that someone is preparing to hold it rather than selling it. This is a move that traders often interpret as bullish.
However, the size and timing are unquestionable just before the Fed's decision. Such a massive transfer becomes part of a step-by-step setup to build confidence and take away your order.
As the overall venue fluidity is still low, a single player has the power to influence short-term emotions. This makes today's Fed signal even more important.
