Bitcoin whale trades fall to 40-day low ahead of FOMC week
- —Whale trades fell to 5,192 versus the Oct. 21 peak of 9,160
- —Philadelphia Semiconductor Index down 13% over 30 days; BTC correlation at 0.67
- —CME puts 80% odds the Fed holds rates at the Oct. 28 meeting
- —Key liquidation zones: support at $78,200, resistance at $82,650
Why it matters: Weaker whale demand and a semiconductor selloff leave bitcoin exposed to sharp moves during the Fed decision week.
Source: CoinDesk Japan