Altcoins With Major Whale Movement During This Dip
When volatility strikes, as it has in the negative direction over the past 3-4 days, many traders tend to display a phenomenon known as "freezing up". This behavior is exactly how it sounds - traders don't want to make a mistake and buy into a downswing or sell into an upswing.
However, whales of many altcoins tend to become much MORE active when prices begin to rollercoaster wildly as they have been as Bitcoin dipped to $53k this weekend.
Here are three assets we see with major whale numbers rising this past week, and conversely, falling:
⬆️ Increasing Number of Whale Address
Ren Protocol ($REN)
Band Protocol ($BAND)
⬇️ Decreasing Number of Whale Address
Thanks for reading!
If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!
Never miss a post from brianq!
Get 'early bird' alerts for new insights from this author