Short-term Bitcoin holders transferred 19,800 BTC to exchanges within a 24-hour window, with 11,300 BTC moved at a profit and 8,500 BTC at a loss, according to analyst Darkfost. Meanwhile, trader Doctor Profit, who disclosed his positioning in a post on X, reports an average long entry of $80,400, identifies $79,000–$81,000 as an accumulation zone, and maintains a $94,000 target. The assessments arrive ahead of the Federal Reserve's October 28 decision, where markets favor unchanged interest rates, and as traders watch whether Bitcoin can reclaim its 50-day exponential moving average.

Short-Term Holder Transfers Stay Moderate

Darkfost reported that short-term holders sent 19,800 BTC to exchanges over 24 hours. Of that total, 11,300 BTC were transferred at a profit, while 8,500 BTC moved at a loss.

Apart from a spike on October 8, he said short-term holder activity has remained calmer even as Bitcoin repeatedly tested levels below $80,000. He characterized the latest transfer figures as moderate compared with the levels observed in recent months. By this measure, repeated tests of the $80,000 area have not triggered heavy distribution from short-term holders.

The metric carries weight because coins deposited on exchanges are often read as potential selling supply, making the profit-versus-loss split a quick gauge of whether recent buyers are taking gains or exiting below their cost.

Doctor Profit Flags $79,000–$81,000 as an Accumulation Zone

Doctor Profit said his long positions now carry an average entry of $80,400, built through orders placed between $80,000 and $81,000. His spot holdings have an average entry price between $60,000 and $64,000.

He had previously predicted a breakout above $82,500 toward $88,000, followed by a correction toward $79,000. After Bitcoin fell from $88,000 toward $80,000, he closed his short position at $80,600, bought additional spot Bitcoin, and opened a long. That earlier sequence gives readers a documented record against which to weigh his current calls.

He frames $79,000 to $81,000 as an accumulation zone, citing institutional entry levels around $80,000 to $81,500, average treasury costs near $80,200, and rebuilt Binance spot bids around $80,000 as of October 20. He also notes that realized profit-taking has slowed to roughly half the pace seen around September's high.

Traders Await Fed Decision and the $94,000 Target

Doctor Profit argues that retail selling and futures shorts are driving the pressure, while midterm and long-term holders remain reluctant to sell. He also questions the Fear & Greed Index reading of 54 — a widely followed sentiment gauge — saying it understates fear among recent buyers and sellers.

The trader is waiting for Bitcoin to reclaim its 50-day exponential moving average, a trend-following indicator that weights recent prices more heavily and is commonly used to judge medium-term momentum, and to close above it on a daily basis. His target remains $94,000. For the October 28 meeting, the figures show an 89.7% probability of unchanged rates and a 10.3% chance of a quarter-point hike.

Fed meetings rank among the most closely watched macro events on the crypto calendar, with rate decisions shaping how traders position across risk assets in the sessions surrounding an outcome. For now, the Fed's decision and a confirmed daily close above the 50-day EMA stand as the immediate markers for judging whether the accumulation-zone view holds.