#CryptoObservers What Are Crypto Whales Buying Amid Geopolitical Tensions?
Amidst rising geopolitical tensions in the Middle East, the cryptocurrency market has seen a sharp increase in volatility this week.
However, large-scale holders, commonly referred to as crypto whales, have remained active by carefully accumulating certain tokens with strong upside potential. Top picks include Ethereum, Bitcoin Cash, and Litecoin.
Ethereum ETHUSD
Despite its muted price performance this week, top altcoin ETH has been one of the assets that crypto whales have been buying this week as it has weathered the ongoing volatility in the market. According to the data, net flows by large holders have increased by over 7,000% in the past seven days.
The net flow of large holders measures the difference between the amount of tokens that whales buy and sell in a given period. When it grows in this way, it indicates that whales are accumulating strongly and that there is increasing confidence or bullishness in the asset.
If this continues, the altcoin could start a new bullish phase, rising above the $2,500 price zone.
Bitcoin Cash (BCH)
BCH is another asset that crypto whales have been acquiring amid geopolitical turmoil in the Middle East.
The data shows an increase in coin holdings by wallet addresses holding between 1,000 and 10,000 BCH tokens. During the week under review, this group of BCH holders purchased 40,000 tokens, worth over $19 million at current market prices.
The altcoin is currently trading at $485.76, up 5% over the past day amid growing bullish sentiment in the cryptocurrency market.
Dogecoin DOGEUSD
Top meme coin DOGE has attracted increasing attention from crypto whales this week. On-chain data shows an increase in holdings by large holders, who hold between 100 million and 1 billion DOGE.
Over the past week, this group has purchased a total of 140 million DOGE, with the total value of these purchases exceeding $24 million.
This increase in whale accumulation is a bullish signal for DOGE’s short-term outlook. If momentum picks up, this wave of accumulation could pave the way for a short-term recovery or a breakout from current price levels.
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#CryptoObservers What Are Crypto Whales Buying Amid Geopolitical Tensions?
Amidst rising geopolitical tensions in the Middle East, the cryptocurrency market has seen a sharp increase in volatility this week.
However, large-scale holders, commonly referred to as crypto whales, have remained active by carefully accumulating certain tokens with strong upside potential. Top picks include Ethereum, Bitcoin Cash, and Litecoin.
Ethereum ETHUSD
Despite its muted price performance this week, top altcoin ETH has been one of the assets that crypto whales have been buying this week as it has weathered the ongoing volatility in the market. According to the data, net flows by large holders have increased by over 7,000% in the past seven days.
The net flow of large holders measures the difference between the amount of tokens that whales buy and sell in a given period. When it grows in this way, it indicates that whales are accumulating strongly and that there is increasing confidence or bullishness in the asset.
If this continues, the altcoin could start a new bullish phase, rising above the $2,500 price zone.
Bitcoin Cash (BCH)
BCH is another asset that crypto whales have been acquiring amid geopolitical turmoil in the Middle East.
The data shows an increase in coin holdings by wallet addresses holding between 1,000 and 10,000 BCH tokens. During the week under review, this group of BCH holders purchased 40,000 tokens, worth over $19 million at current market prices.
The altcoin is currently trading at $485.76, up 5% over the past day amid growing bullish sentiment in the cryptocurrency market.
Dogecoin DOGEUSD
Top meme coin DOGE has attracted increasing attention from crypto whales this week. On-chain data shows an increase in holdings by large holders, who hold between 100 million and 1 billion DOGE.
Over the past week, this group has purchased a total of 140 million DOGE, with the total value of these purchases exceeding $24 million.
This increase in whale accumulation is a bullish signal for DOGE’s short-term outlook. If momentum picks up, this wave of accumulation could pave the way for a short-term recovery or a breakout from current price levels.