Opinion: Bitcoin whales have notably sold off holdings in the past 24 hours—could the FOMC “curse” strike again?

According to analyst alicharts’ analysis on October 28, despite Bitcoin’s intraday gain exceeding 1%, the risk of a sharp downside move remains elevated amid the “FOMC decision curse.” Data shows that Bitcoin whales have recently realized approximately $156 million in profits—raising potential selling pressure. Meanwhile, their aggregate holdings dropped by roughly 8,162 BTC (worth ~$664 million) over the past 24 hours, reflecting active de-risking ahead of the FOMC announcement. aLicharts notes that the immediate key support level sits near $81,000—above which, per URPD data, lies a historically dense trading zone encompassing nearly 1 million BTC. A break below this level would shift the next major supports to $77,000 and then $67,000. Conversely, a confirmed bullish trend would require a sustained breakout above $84,500—the price level associated with a significant accumulation zone of ~620,000 BTC. Additionally, historical patterns indicate that Bitcoin’s volatility within the first hour following an FOMC decision is typically under 1%; clear directional momentum usually emerges within the subsequent 24 hours—and often persists for up to one week.