Bitcoin (BTC) is trading nervously below $115,000 this October 28th, ahead of the key FOMC meeting. While investors are divided, one notable whale has added $237 million in BTC longs, according to analyst Crypto Rover. This move challenges the high liquidity zones that warn of potential Bitcoin trader liquidations.
The current consolidation reflects market indecision. Analysts are closely watching liquidation heatmaps. Mark Cullen of AlphaBTC describes the situation as a “Bitcoin liquidity sandwich.” Cullen notes that shorts are trapped above the October 13th high. He warns that these traders “will get rinsed” before a deeper correction. Coinglass data shows growing short pressure between $115,000 and $121,000.
The tension is palpable because the market expects a pivot from the Federal Reserve. Data from the CME FedWatch tool is clear. It shows a 97.8% probability of a rate cut of 25 basis points. This expectation of a looser economy is fueling bullish sentiment. However, other analysts like Ran Neuner point out risks. Neuner highlighted the existence of a CME futures “gap” at $111,000. Historically, these gaps tend to get filled before major breakouts.
Will the “massive pump” of 2024 repeat after the Fed’s decision?
The divergence is clear: whales are acting with conviction. Analyst Crypto Rover mentioned that the whale that accumulated $237 million has a “100% win rate.” This same investor also added $194 million in Ethereum (ETH) longs. This is a sign that smart money expects acceleration, not hesitation. Rover reminded his followers that a similar setup in 2024 preceded a “massive Bitcoin pump.”
Bitcoin remains trapped in a narrow range between $110,000 and $116,000. This Wednesday’s FOMC decision will be the decisive catalyst. The outcome will determine if BTC breaks the $121,000 resistance or if bears trigger a correction toward $111,000. The order books show both hesitation and hope.
