Whales Move in Altcoin Market

Whales are on the move in the altcoin market, sparking price rally speculation. On-chain data reveals a surge in large transactions for cryptos like AAVE, ADA, and OP, indicating potential accumulation by big investors, reports Santiment.

This increase suggests potential accumulation by high-net-worth investors and institutions, hinting at a potential rally if market conditions remain favorable.

Top Gainers in Whale Transactions

Santiment data highlights a sharp rise in whale transactions over $100K across several major altcoins:

• Aave (AAVE) [Polygon]: +267%
• HEX (HEX): +256%
• OKB (OKB): +200%
• Cardano (ADA): +193%
• Optimism (OP): +140%
• Trillioner (TLC): +133%
• Bitcoin Cash (BCH): +128%
• Curve Finance (CRV): +100%
• BitDAO (BIT): +100%
• GateToken (GT): +100%

The spike in high-value transactions could indicate strategic positioning by large investors expecting a rebound in the altcoin market.

Crypto Market Forecast: Analyst Sees “Zero-Sum” Altcoin Game

Despite the increase in whale activity, broader market indicators remain neutral. CryptoQuant CEO Ki Young Ju pointed out the current “zero-sum PvP game” in the altcoin markets, noting that despite Bitcoin’s market cap doubling, the overall altcoin market cap is still below its previous all-time high.

Ju observed that without fresh capital inflows, altcoin movements are largely rotational among themselves.

> “Bitcoin market will likely remain slow until sentiment in the U.S. improves.
> There’s no significant on-chain activity, and key indicators are neutral, suggesting the bull cycle is still intact. Fundamentals remain strong, with more mining rigs coming online.
> If the cycle ends…”
> — Ki Young Ju (@ki_young_ju) March 4, 2025

Related: “It’s Official”: US Splits Crypto Deck—Bitcoin as Strategic Reserve, Altcoins Corralled in Digital Asset Stockpile

Additionally, he highlighted that only a handful of altcoins with strong use cases and narratives are likely to survive the current cycle. On-chain activity remains muted, further suggesting that the broader bull cycle is still intact, driven by increased mining operations and institutional involvement.

Technical Analysis: Altcoin Market Cap – Key Levels for Breakout

A closer look at the altcoin market cap chart (excluding Bitcoin and Ethereum) provides further clues for a potential altcoin season. Currently, the total altcoin market cap stands at $825.83 billion, just under the 20-day EMA of $852 billion, an area of substantial resistance.

Altcoin Price Prediction: Bollinger Bands & RSI Signals

Meanwhile, the crypto market cap is currently testing the middle band of the Bollinger Bands (BB), indicating that price volatility remains relatively contained. A breakout above the upper BB band could signal renewed bullish momentum.

Related: Altseason Incoming? Breakout Levels for Major Altcoin Rally — Analyst

In addition, the Relative Strength Index (RSI) reads a value of 40.28, suggesting altcoins are nearing oversold territory. A rebound above an RSI of 50 could confirm a shift in momentum upward.

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