🔥🔥🔥 Crypto in Decline: Whales Anticipate a Rebound! 😯
📌 The crypto market has recently experienced a period of turbulence, with a 4% drop in global market value recorded over the past 24 hours. However, some assets have caught the attention of whales, these major investors who trade against the general trend. Why are these market giants betting on an imminent rebound? Let’s dive into the reasons and strategies behind this bold accumulation.
The Counter-Current Whales
Whales have a significant influence on the crypto market. Their behavior can often be an indicator of future trends. Last week, while the crypto market was in decline, these investors chose to trade against the current, anticipating a rise in the coming weeks.
This bold strategy is based on a thorough analysis of on-chain data and market indicators.
For example, the price of Toncoin (TON) dropped 17% last month, but whales saw an opportunity to buy in this decline.
The readings of the market value/realized value (MVRV) ratio of TON indicate that the altcoin is currently undervalued, which constitutes a strong buy signal.
Whales do not just speculate; they act based on concrete data.
According to data from Santiment, the number of TON whales holding between 100,000 and 10,000,000 tokens has increased by 2% over the last month. This group of holders is currently at a record level, which shows renewed confidence in the potential of TON.
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