Whale activity increases as billions in stablecoins flow into exchanges, signaling potential market shifts.
Altcoins gain momentum, supported by consolidation and Bitcoin breaking long-term resistance near all-time highs.
A recent analysis by Alan Santana, a famous crypto analyst on TradingView, reveals a dramatic shift in crypto market dynamics. Along with rising buying activity from whales and large-scale investors whose transactions often indicate significant trends, Santana says more capital is entering the market.
This move follows a protracted bearish season marked by significant crypto movements into exchanges mostly involving Bitcoin and Ether.
Whale Activity Signals Market Recovery Amid Stablecoin Inflows
Santana says the story has lately evolved. Nowadays, big volumes of cryptocurrencies are leaving exchanges; daily minting of stablecoins worth billions of dollars results in eventual deposits into other platforms.
He notes that although from March to October 2024 only roughly
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