Crypto analytics firm Santiment is exploring the movements of Bitcoin and XRP whales, and predicts five altcoins are on the cusp of rallying.
The firm’s data shows Bitcoin whales holding 10,000 BTC or more are still accumulating the flagship cryptocurrency asset amid a deep Bitcoin correction.
“The uber large Bitcoin whale addresses (holding 10,000+ BTC) continue to get richer and accumulate as prices range, particularly after the all-time high two weeks ago.
Around 90,000 BTC ($4.92B) has been added in total to these addresses since April 5th.”
In the past two weeks BTC has plunged nearly 15%, testing the $47,000 support level.
On-chain analyst Ali Martinez is highlighting Santiment’s data showing that XRP whales are also actively buying more, as the token hovers around $1.40.
“XRP whales have gone into a buying spree. Santiment reveals