Bitcoin loses $80K before Fed decision: Assessing whether BTC whale can withstand more selling
· macro · Sentiment: bearish
Bitcoin has dropped below the key $80,000 psychological level ahead of the Federal Reserve’s upcoming interest-rate decision, reigniting concerns over sustained selling pressure from large holders. On-chain data shows whales continue to distribute coins into the rally, with several large addresses offloading holdings amid weakening spot demand and rising exchange inflows. The consensus across reporting indicates that BTC’s near-term price stability will largely depend on whether these whales can absorb further sell-side pressure without triggering a deeper correction. The key implication is heightened downside risk to the $75,000–$76,000 zone if whale support falters post-Fed.