Bitcoin whale holdings have remained practically unchanged at around 5.23 million units over the past week, with no significant accumulation or distribution activity. This cautious stance is driven by several major macroeconomic events coming in the next ten days, including the release of the US Producer Price Index (PPI) and Consumer Price Index (CPI), as well as the Federal Reserve meeting. Markets are currently pricing in a 60% probability of another Fed rate hike in September, with a Senate procedural vote on the CLARITY Act also scheduled for September 15. Bitcoin is trading in a tight range between $77,500 and $80,000, with analysts expecting a breakout from this consolidation phase once these catalysts pass.
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