Following the new sales momentum following the #Fed meeting, there was selling pressure in Altcoins. While whales are excitedly waiting for the Fed's interest rate cuts in September, they see every decline as a buying opportunity.
Although #Altcoin s have underperformed recently, whales are buying the top accumulating dips ahead of the Fed rate cut in September. This Fed pivot could lead to strong liquidity in the market, causing a big rally in the alts.
CryptoQuant CEO Ki Young Ju said whales are positioning for the upcoming altcoin rally. He stated that the limit buy order volume for alts except #Bitcoin and #Ethereumâ is on the rise. This trend indicates that strong buy walls have been established, increasing interest and the potential for an increase in ALT prices.
