Crypto Whales Accumulate BTC, ETH, and Altcoins in Uptober
- Crypto whales are heavily investing in BTC, ETH, XRP, and other altcoins.
- Whales deposited $41.25M in ONDO to Arthur Hayes’ Bybit.
- Ethereum whales withdrew significant amounts from exchanges, affecting prices.
Crypto whales are making significant moves this Uptober, focusing on Bitcoin, Ethereum, and altcoins like XRP and Chainlink, with substantial investments observed in exchanges and wallets globally.
These strategic investments highlight growing institutional interest and potential market shifts, influencing asset prices and signaling critical trends in the cryptocurrency landscape.
Crypto whales are placing large bets this Uptober, accumulating BTC, ETH, and altcoins like XRP, ASTER, ONDO, and LINK, according to on-chain data.
These movements by major holders could influence market trends, with institutional and whale activity driving price changes and investment strategies.
Arthur Hayes’ Bybit Sees Massive ONDO Accumulation
On-chain data shows crypto whales accumulating major coins, including BTC, ETH, and select altcoins. Notable participants, like Arthur Hayes and Trend Research, are major forces reshaping market dynamics.
Arthur Hayes’ Bybit address accumulated 40.77 million ONDO tokens, demonstrating strong whale interest. Trend Research unloaded large amounts of ETH to Binance, impacting the market situation.
“Over the past month, a total of 40.77 million ONDO ($41.25 million) has been deposited into Arthur’s Bybit address.”
Whale Activity Stabilizes BTC Prices Amid Uptober
These activities have led to a price stabilization in BTC with potential for an uptrend. Ethereum also sees active accumulation and profit-taking, highlighting whale-driven volatility.
Whale activity affects market trends, reflected in institutional inflows into BTC ETFs. This results in stabilized prices and market adjustments based on whale and institutional behaviors.
Uptober’s Historical Patterns Suggest Bullish Trends
Historically, Uptober marks bullish trends due to whale actions similar to this year. Previous September sell-offs led to October recoveries, driven by whale accumulation and institutional interest.
Experts anticipate the SEC’s decision on crypto ETF applications could amplify market shifts. Traditional cycles suggest whale and institutional activities might continue to drive market stability.
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