Bitcoin today on-chain data 2025/9/6 🚨

$BTC 100+ large whales sold off significantly ( the second largest in the last two weeks )

It's the same old script again.. The big whales who trade on short-term news have moved some again. This time, although they didn't sell as much as last time, they are running away faster.

The last time there was a large sell-off was after Powell's speech at Jackson Hole on the 23rd, where over 8,000 were sold. However, the last time it lasted almost a whole day, this time it was almost an immediate exit.

Many friends have asked about the non-farm payroll issues. We have mentioned it in our reports over the past week or two. The market is very eager to see a rate cut in September, but in reality, Powell is worried that a decline in labor data could lead to an economic recession, which is why he is considering adjusting interest rates. So this is a two-sided issue. As we say, what if the market reacts again on that day when Powell cuts rates? That would indicate that he is genuinely concerned about the risk of an economic downturn, and then the market might start speculating about a recession again. This illustrates the difference between forced rate cuts and preventive rate cuts. The former carries much higher uncertainty, and there is a worry that the market might start speculating about a recession in reverse, leading to a situation where one might feel happy for only three seconds before realizing something is off. #比特币市场动态 #九月份加密市场能否突破