Santiment Data Reveals Whale Buying Surge in These 4 Altcoins
Main Idea
The altcoin season of 2025 is gaining momentum, with Bitcoin Cash (BCH), Curve DAO (CRV), Immutable X (IMX), and Convex Finance (CVX) experiencing significant whale activity and bullish technical indicators.
Key Points
1. The Altcoin Season Index shows a shift of interest from Bitcoin to altcoins, with Bitcoin's market dominance dropping from 66% to 61%.
2. Bitcoin Cash (BCH) recorded 294 whale transactions over $100k on July 27, with technical analysis suggesting a potential rally beyond $1,000.
3. Curve DAO (CRV) is forming an inverted head and shoulders pattern, with a breakout above $1.25 potentially leading to a rally towards $2.
4. Immutable X (IMX) has rebounded from a multi-year support level, forming a double bottom with bullish RSI divergence.
5. Convex Finance (CVX) has broken out of a macro falling logarithmic trendline, with bullish signals from the weekly MACD indicator.
Description
On-chain data shows utility altcoins have attracted more whale activities in the past months than memecoins. The crypto market will experience higher volatility amid Wednesday’s FOMC statement and the Fed’s funds rate announcement. Anticipated approval of spot altcoins ETFs in the United States has significantly influenced whale activities. The altcoins season 2025 has gradually gained bullish momentum following a Bitcoin (BTC) price stagnation below $120k in the past three weeks. The Altcoin Se...
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