- 1 Crypto whale accumulation has reduced after the Bitcoin halving since the broader market suffered corrections.
- 2 Bitcoin’s Dominance has dropped from 56.3% to nearly 53%, indicating a possible comeback in the Altcoins.
- 3 Some altcoins noted significant movements in whale activity in the last few sessions.
Following the Bitcoin Halving event, the broader crypto market is suffering corrections which are turning worse as the days are passing.
In the last 24 hours, the overall crypto market has dropped by almost 5%. Bitcoin (BTC) and Ethereum (ETH) are on the decline. BTC was down by 6.10% at press time while ETH had slumped by 4.78%.
Looking at it from another frame, the recent correction might be an opportunity to accumulate the coins at a discounted price. Likewise, The ADA, TON, and ARB have reported a significant movement in recent sessions which validates the possibility of reversal in May.
If the broader market recovers, these cryptos could be a good pick for investors as whales have started accumulating them.
Whale Transaction In Cardano Explodes In The Recent Sessions!
Cardano crypto also got injured amid the larger market corrections and has fallen by nearly 17% in the last week to reach the previous demand zone.
However, the price action addresses the investors to wait for a reversal before making any long entries. On the contrary, the recent increased whale activity in ADA shows hope for a reversal ahead.
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