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Whale converts $85M stablecoins to 1,075 BTC, betting on Bitcoin amid Fed rate hike uncertainty.

Market News
12 Sep 2026
Bitcoin
View Source
Neutral
Whale converts $85M stablecoins to 1,075 BTC, betting on Bitcoin amid Fed rate hike uncertainty.

A cryptocurrency whale that sold 50,600 ETH near the 2025 peak has spent $85.42 million in stablecoins to buy 1,075.6 BTC at an average price of $79,412 over four days. The whale still holds $74.32 million in stablecoins and is currently about $2.35 million underwater with Bitcoin trading near $77,200. This move comes ahead of the Federal Reserve's September 16 rate decision, which may influence Bitcoin's price. The whale's next moves, whether to buy more or hold, will signal their conviction amid market uncertainty.

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XRP surges with $49.66B on-chain volume as BlackRock boosts tokenization, eyeing $2 target.

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