Crypto whales are betting on a market rebound, reports TurkishNY Radio. Despite the recent turbulence in the crypto market, with a 4% drop in global market value in the past 24 hours, some big investors are buying up assets, going against the general trend. Why are these market giants so confident?
Crypto whales have a big influence on the market. Their actions often signal future trends. Last week, while the market was falling, these major investors traded against the current, expecting a rise soon. This bold move is based on careful analysis of market data.
For example, Toncoin (TON) dropped 17% last month. Crypto whales saw this as a buying chance. The market value to realized value (MVRV) ratio of TON suggests it is undervalued, making it a strong buy signal. According to reports from Santiment, the number of TON whales holding between 100,000 and 10,000,000 tokens has risen by 2% in the last month. This shows growing confidence in TON’s potential.
These whales don’t just speculate. They act on solid data. Their actions often influence the market, leading other investors to follow. This could trigger an upward trend in TON, possibly reaching $6.81. This dynamic is not unique to TON. Other cryptocurrencies show similar signs.
Crypto Whales Accumulate Cryptos
The rise in demand for TON by crypto whales could attract more individual investors. If this happens, the token price might go up. On-chain data from IntoTheBlock revealed a 243% increase in the net flow of major holders of TRX over the last 30 days.
Major holders are addressed with more than 0.1% of an asset’s circulating supply. Their net flows measure the difference between tokens bought and sold by these investors. When net flows increase, it means crypto whales are buying more tokens, a bullish sign indicating a potential price rise.
TRX whales have increased their accumulation despite the token’s sideways movements over the past month. This shows their confidence in the token’s future. The whales’ actions often lead to significant market movements, influencing other investors to follow.
Crypto Whales See Signs of a Rebound
BNB’s price has been stable recently, with balanced buying and selling pressures. However, the Chaikin Money Flow (CMF) indicator for BNB has been rising, showing increasing money flow into the asset. TurkishNY Radio notes that the CMF data for BNB stands at 0.24. A rising CMF with a stable price suggests a bullish divergence, indicating large investors are accumulating BNB.
If BNB breaks out of its current range, its price could reach $617. Crypto whales, with their market influence, seem to anticipate a rebound in cryptocurrencies. Their strategic accumulation of tokens like TON, TRX, and BNB, despite the current market turbulence, signals their confidence in these assets’ potential.
These whales have a unique ability to influence the market. Their actions often predict future trends. By accumulating tokens during market dips, they signal their belief in a market rebound. This strategy is based on careful analysis of market data and indicators, making their moves more than just speculation.
Crypto whales are betting on a market rebound. Their actions suggest they see significant potential in the current market. By accumulating tokens like TON, TRX, and BNB, these whales are preparing for a bullish future. Their moves often influence other investors, leading to significant market movements.
The crypto market remains unpredictable, but the actions of crypto whales are a strong indicator of confidence. Their strategic accumulation of assets during market dips suggests they believe in the market’s potential for recovery.
In conclusion, crypto whales are betting on a market rebound, showing their confidence in the future of cryptocurrencies. Their strategic accumulation of tokens like TON, TRX, and BNB signals their belief in a bullish future. Keep an eye on the crypto market, as it may soon be on the rise again. TurkishNY Radio will bring you all cryptocurrency news, stay tuned!
