From Investing.com

September 15, 2024 5:00:19 pm:

Over the weekend, the crypto market saw a sudden withdrawal of 1,734 BTC worth $103.62 million from BitGo to an unknown wallet “bc1qzqp5,” which is a new entity with no transaction history. The mysterious whale now holds a seven-figure stash of BTC transferred from another wallet weeks ago, sparking speculation about market implications.

Market participants perceive withdrawals from exchanges as bullish events, especially with the Fed’s looming interest rate decision. Speculation is rife on whether the Fed will cut rates by 25 or 50 basis points, affecting market volatility. If the whale is indeed a buyer, its actions suggest a bullish stance post-Fed decision.

Read more at Investing.com: $100 Million Bitcoin Mystery Stuns Top Exchange in 24 Hours By U.Today