TL;DR
- Bitcoin whales have kept their holdings unchanged at approximately 5.23 million units, according to data from Santiment Intelligence.
- BTC’s price has been ranging between $77,500 and $80,000 for over a week, with several failed breakout attempts at the upper boundary.
- Over the next ten days, the CPI, PPI, the CLARITY Act vote, the Fed decision, and the Bank of Japan decision are all concentrated.
Bitcoin whales chose inaction during the past week as the asset struggles to hold below $80,000, according to an analysis by popular analyst Ali Martinez based on data from Santiment Intelligence.
The chart shared by Martinez shows that whale holdings have remained practically stable at around 5.23 million units, with no clear signs of accumulation or distribution during that period.
The most straightforward reading of this behavior points to the density of macroeconomic and regulatory events set to unfold over the coming days, a context that discourages any large-scale moves before the picture becomes clearer.
BITCOIN WHALES ARE WAITING!
Bitcoin whale holdings have remained virtually unchanged at around 5.23 million $BTC over the past week.
That suggests large holders are staying on the sidelines as they await the upcoming CPI report and FOMC meeting before making their next move. pic.twitter.com/SvJGBeybnt
— Ali Charts (@alicharts) September 9, 2026
Ten Days That Could Redefine Bitcoin’s Path
The first trigger arrived today with the publication of the Producer Price Index (PPI) for August in the United States, although the truly decisive figure will be the Consumer Price Index (CPI) published one day later.
The CPI’s relevance is even greater following the July jobs report, which beat expectations and raised the probability of another rate hike by the Federal Reserve to 60%, according to futures markets. A Reuters survey, however, indicates that most economists still expect the central bank to hold rates unchanged, making the CPI reading a decisive factor in breaking that disagreement.
On September 15, the Senate has a procedural vote scheduled to advance the CLARITY Act, crypto legislation whose progress or delay has historically demonstrated the capacity to move Bitcoin and the market. The following day brings the Fed’s rate decision, accompanied by Kevin Warsh’s press conference and new economic projections.
The week closes with the Bank of Japan‘s announcement on its own monetary policy, where a potential rate hike could pressure global bond and currency markets.
Sideways Price and the Breakout Ahead
For approximately a week, Bitcoin has been moving within a narrow range between $77,500 and $80,000. Every attempt to break above the upper boundary was stopped with precision, while the lower support withstood pullbacks without giving ground. This consolidation has dragged on since the mid-August retreat, and the consensus among analysts is that the accumulation of events over the coming days carries enough weight to force a breakout for Bitcoin in one direction or another.
