In a surprising turn of events, the crypto market has been rocked by the aftermath of Donald Trump's recent war trades, resulting in a sharp downturn that led to over $800 million in liquidations within a mere 24 hours. The unexpected volatility has left traders reeling as they struggle to navigate these uncertain times.
However, amidst the chaos, crypto whales have been quietly accumulating coins in anticipation of potential gains in the coming month. Let's take a closer look at some of the key assets being targeted by these savvy investors.
Bitcoin (BTC)
BTC recently broke below a crucial support line, sending its price plummeting to multi-month lows of $79,610 - a level not seen since November. Despite this setback, BTC whales have seized the opportunity to bolster their holdings, as evidenced by a significant surge in the coin's large holders' netflow, which has spiked by an impressive 23% in the last week.
The increase in large holders' netflow signals a strong accumulation of BTC by major investors, indicating growing confidence and potentially setting the stage for a bullish momentum that could push the coin's value back above $95,000 in March.
The Sandbox (SAND)
Elsewhere, the Metaverse-based token SAND has also caught the attention of whales as market sentiment leans towards a broader recovery next month. Currently trading at $0.29, SAND has seen renewed interest from whales, with holdings between 100 million and 1 billion tokens surging by 180 million SAND - valued at over $52 million at current prices.
The rise in SAND whale holdings, combined with its undervalued status as indicated by negative MVRV ratios, presents a compelling buying opportunity for traders eyeing potential gains. If this trend persists, SAND could surpass the $0.35 mark in March.
Optimism (OP)
Lastly, the Layer-2 (L2) token OP has witnessed a remarkable 240% surge in large holders' inflow over the past week, despite an 8% dip in its value. This influx of assets into whale wallets signals confidence in OP's future price trajectory and the potential for upward momentum.
Should this bullish sentiment continue into March, OP's price could see a significant uptick, potentially reaching $1.52 as whales strategically position themselves for gains in the month ahead.