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What Crypto Whales Are Buying Ahead of the April FOMC Meeting

BeInCrypto reports crypto “whales” accumulating select tokens ahead of the April 29 FOMC meeting, positioning for a pre-FOMC liquidity rotation into altcoins as traders rotate out of equities. Onyxcoin (XCN) saw heavy post-listing movement and renewed whale buying, reversing prior distribution and setting a bullish RSI divergence; a daily close above $0.00608 would target the $0.0086 listing high. Chainlink showed steady accumulation (roughly 4.6M LINK added since April 23) and an inverse head-and-shoulders setup with $9.39 and $10.02 as key breakout levels and a 17% measured target to $11.69. Ethereum whales accumulated ~1.08M ETH (~$2.49B) while exchange reserves hit multi-year lows, with ETH trading around $2,309 and technical support at the 20-day and 100-day EMAs. Overall, on-chain flows suggest bullish positioning in crypto ahead of the Fed decision, with upside targets contingent on specific technical breakouts and supply dynamics.

Category

Bitcoin

Sentiment

Bullish

Event

Institutional flow

Reading time

1 min