Altcoin Whales are Jumping into Exchanges‼️
- Yello, ladies and gents🚬😎🥃!
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💎While the onchain activities and Price Action in Bitcoin are still relatively boring and BTC just keep range trading in the accumulation support zone, significant actions in Alts are starting to appear again.
💎We spotted that whales are depositing altcoins in central exchanges.
💎There can be multiple scenarios happening behind their actions:
- Preparing a new product in Exchanges
- OTC deal with other whales by using custody services
- Crypto hedge funds are liquidated
- Opening long/short positions by using the Alts as a collateral
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