According to the latest data provided by CryptoQuant, an important trend has emerged in the cryptocurrency market: large investors are actively preparing for the next altcoin rally. The founder of the company, Ki Yong-joo, said that this is confirmed by the growth in the volume of limit orders for the purchase of alternative cryptocurrencies. Evidence shows significant buy walls are forming in the market, which could be a harbinger of future growth.
The expert emphasized that over the past year, sales volumes have exceeded purchase volumes, which has led to a significant drop in prices for altcoins. However, starting from mid-2024, the situation has changed: there has been a steady increase in purchase orders, which indicates a restoration of interest in these tokens. This may be due to expectations of a bull market for altcoins, as well as an improvement in the overall macroeconomic situation.
Many analysts note that such “buy walls” are created by large players to accumulate assets at favorable prices before expected growth. This creates favorable conditions for the next bull trend, as they can cause a chain reaction among other investors. The current situation is reminiscent of periods when such activity led to significant growth in the market.
Given these factors, investors should pay attention to a possible rally in altcoins. However, they must remain cautious and consider the risks associated with the high volatility of the cryptocurrency market. Experienced traders often use such data to determine optimal entry and exit points, minimizing risks and increasing potential profits. It is important for trading participants to monitor further developments and promptly adapt their strategies in accordance with changing market conditions.