A massive whale opens short positions hours before the Fed’s decision

Just hours before the FOMC meeting, this trader opened massive short positions

A $50.8M short on $BTC
A $15. 9M short on $ETH

That’s more than $66 million in short positions

And the timing is the most interesting part

Why would a whale of this size open short positions just hours before the interest rate decision

Is he expecting a rate hike, or is he preparing for a strong market move, regardless of the direction

The market is the Fed’s decision, and this whale appears to have already taken a position