From Bitcoin Peaks to Altcoin Feasts: Whales Bet Big on ADA and AVAX
Main Idea
Whales are heavily investing in ADA and AVAX, driving their prices up, while Bitcoin reaches a new peak but faces a potential retest of support levels.
Key Points
1. Whales purchased 200 million ADA tokens worth $157 million in two days, pushing Cardano above $1 for the first time since March, with analysts predicting further gains to $1.13 or $1.50.
2. AVAX whale inflows surged 380%, and a breakout above $27 could lead to a rally toward $35.
3. Bitcoin hit a new record of $124,500 but is retesting support around $119,000.
4. AltcoinBuzz suggests whales may be selling Bitcoin profits to invest in altcoins like ADA and AVAX.
5. Cardano's whale accumulation pattern resembles pre-rally trends seen in 2021, with ETF approval odds increasing from 60% to 75%.
Description
Whales buy 200M ADA, lifting Cardano above $1 for the first time since March. Analysts predict ADA to reach $1.13 and $1.50 if momentum continues. AVAX whale inflows rise, and a breakout at $27 could fuel a rally toward $35. Bitcoin has once again rewritten the record books, climbing to roughly $124,500 on Thursday night. The move put the world’s largest cryptocurrency nearly $1,000 above its previous peak, climbing nearly 5% from the previous day of its ATH. The rally was swift, but the market ...
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