📊 A strong sign that altos are preparing for a rally.
Altcoin trading volumes have dropped sharply, which often happens during periods of accumulation and peaks of market fear. We're back in the buying zone: 30-day volumes have fallen below the annual average.
Altos still have potential to fall by around 20% to 30% overall, but all indications are that this will be the final round of correction, which will largely offset the squeezes in altos.
🐋 Also, one of the whales has been actively buying.
He recently bought 10 assets worth approximately $13.9 million, taking advantage of the market crash and moving them to an on-chain wallet.
The following were purchased:
22,7M
$ENA , 1,898
$ETH , 38,614
$LINK , 74,217 $UNI, 134,005 $PENDLE, 753,625 $CRV, 521,061 $ONDO, 12,665 $ENS, 754 $AAVE, 149,593 $AERO.
We're waiting for $BTC to stabilize, and then we'll consider buying back the altcoins.
#CPIWatch #altcoins #UNI #PENDLE #WhaleAlert