CryptoQuant detects a quiet accumulation in altcoins
On-chain volumes for altcoins have been rising for several weeks, according to CryptoQuant data, even during periods when prices struggle to maintain their recent levels. This discrepancy between actual flows and the prevailing narrative on social media hasn't gone unnoticed by analysts. Should we see this as an early signal of a trend reversal?
In summary
CryptoQuant highlights an increase in altcoin volumes on the blockchain, even outside the major networks
Analyst @CW8900 describes this movement as discreet accumulation during a market stagnation period
US regulatory uncertainty and the macro context limit the signal's reach
Anonymous buys
Discussions in crypto forums and derivatives markets paint a rather bleak picture for altcoins. However, the on-chain data tells a different story. According to analyst @CW8900 from CryptoQuant, trading volumes on the blockchain are progressing across a wide range of networks, not just the top-cap ones.
This movement has persisted for several weeks, even during phases where prices were retracing or stagnating. Typically, panic buys follow price surges, not the other way around.
This setup corresponds to what experienced traders recognize as a classic discreet accumulation scheme, where patient players position themselves in atomic markets to limit slippage on their orders.
$ALT
$ALEO
$ALGO
#CryptoQuant
On-chain volumes for altcoins have been rising for several weeks, according to CryptoQuant data, even during periods when prices struggle to maintain their recent levels. This discrepancy between actual flows and the prevailing narrative on social media hasn't gone unnoticed by analysts. Should we see this as an early signal of a trend reversal?
In summary
CryptoQuant highlights an increase in altcoin volumes on the blockchain, even outside the major networks
Analyst @CW8900 describes this movement as discreet accumulation during a market stagnation period
US regulatory uncertainty and the macro context limit the signal's reach
Anonymous buys
Discussions in crypto forums and derivatives markets paint a rather bleak picture for altcoins. However, the on-chain data tells a different story. According to analyst @CW8900 from CryptoQuant, trading volumes on the blockchain are progressing across a wide range of networks, not just the top-cap ones.
This movement has persisted for several weeks, even during phases where prices were retracing or stagnating. Typically, panic buys follow price surges, not the other way around.
This setup corresponds to what experienced traders recognize as a classic discreet accumulation scheme, where patient players position themselves in atomic markets to limit slippage on their orders.
$ALT
$ALEO
$ALGO
#CryptoQuant