Bitcoin News Today: Dovish Fed and Trade Thaw Fuel Whales' $53.8M Crypto Bets Amid Correction

A prominent Bitcoin "OG" whale has opened a new long position on Hyperliquid, despite incurring a $1.2 million unrealized loss, as total position size across leveraged bets now exceeds $53.8 million. The trader's aggressive positioning underscores growing bullish conviction among crypto whales amid a broader market correction, with key macro developments—including a potential U.S.-China trade deal and the Federal Reserve's shift in monetary policy—adding fuel to the optimism, according to Coinpedia live updates.

The whale, identified as wallet 0x9553, initiated its first Hyperliquid trade with a 40x leveraged long on 179.59 BTC ($19.94 million). This move follows similar aggressive activity from other major players, including a new wallet (0x6988) depositing $1.95 million in USDC to open a 25x long on 4,743 ETH ($18.71 million). Meanwhile, seasoned trader 0xd260—known for an 83.72% win rate and over $2.6 million in cumulative profits—added a 40x long on 62 BTC ($6.88 million), further reinforcing the case for a market rebound, according to a Coinpedia price analysis.

The bullish sentiment aligns with broader macroeconomic shifts. The Fed's decision to end Quantitative Tightening (QT) by December 1 and a 25-basis-point rate cut have sparked speculation about a liquidity-driven rally in risk assets. While the central bank's dovish pivot has been anticipated, the abrupt termination of QT marks a significant policy shift, potentially injecting fresh capital into markets, a point also highlighted in Coinpedia's live updates.

Simultaneously, geopolitical developments have added to the optimism. U.S. President Trump and Chinese President Xi announced a thaw in trade relations, including immediate cuts to Fentanyl tariffs and a reduction of overall U.S. tariffs on China from 57% to 47%. The agreement, which also includes discussions on chip export restrictions and rare earth exports, has positioned a comprehensive trade deal as increasingly plausible, per Coinpedia's live updates.

Bitcoin's technical outlook remains mixed. The asset is currently trapped between $115.2K resistance and $111.3K support, with analysts noting that a 4-hour close above the key $115.2K level could trigger a breakout. However, on-chain data reveals declining sell pressure on lower timeframes, suggesting whale accumulation and leveraged longs may stabilize the market, as noted in the Coinpedia price analysis. A drop below $108,000, though, could accelerate a slide toward $104,000, where stronger demand might emerge.

The interplay of macro and technical factors has left November as a critical inflection point. While a deeper correction risks shaking near-term confidence, a rebound aligned with improved macro conditions could reignite the bull market. For now, whales are betting on a reversal, with leveraged positions serving as a barometer of their conviction.