Points
- Crypto whales are positioning for the next altcoin rally, according to CryptoQuant founder Ki Young Ju.
- Rising levels of buy-limit orders suggest increased future demand for certain altcoins.
- Specific altcoins like Solana, Polygon, and Cardano are expected to benefit the most.
- Metrics like the 1-Year Cumulative Buy/Sell Quote Volume Difference indicate strong buy walls.
Crypto whales are strategically positioning themselves in anticipation of the next altcoin rally, according to CryptoQuant founder Ki Young Ju. His analysis focuses on the 1-Year Cumulative Buy/Sell Quote Volume Difference for altcoins, a metric that measures the differential between buy and sell limit orders over a one-year period.
Ju explained that whales prefer limit orders to avoid slippage, and the rising level of this metric suggests an increasing number of buy-limit orders among large crypto investors and institutions. These “strong buy walls” indicate future demand for altcoins.
Certain altcoins are poised to capitalize on this increased demand. Solana （SOL）, Polygon （MATIC）, Cardano （ADA）, Cosmos （ATOM）, PancakeSwap （CAKE）, My Neighbor Alice （ALICE）, Ampera （AMP）, Ankr Protocol （ANKR）, and Chilliz （CHZ） are among those expected to benefit the most. Conversely, tokens like XRP, Chainlink （LINK）, Binance Coin （BNB）, Compound Finance （COMP）, Bancor Network （BNT）, and Aave （AAVE） are currently seeing fewer future buy orders.
Crypto analyst Jamie Coutts corroborated this market prediction by citing the Top 200 Equal Weight Index as evidence of a potential rally. This index tracks the price performance of the top 200 altcoins by market capitalization compared to Bitcoin. A lower numerical reading from this metric indicates that only a small number of altcoins are outperforming Bitcoin on a percentage basis, while a higher reading suggests more altcoins are doing so. At the time of Coutts’s prediction, the metric was between 10-20%.
Additionally, popular crypto trader “Mags” claimed that the altcoin market is currently in a re-accumulation phase. According to Mags, altcoins were only up 58% on average since breaking out from a lengthy accumulation phase, suggesting a relatively minor pullback before recording more gains.
解説
- The anticipation of an altcoin rally by crypto whales highlights the importance of understanding market dynamics and investor behavior.
- Metrics like the 1-Year Cumulative Buy/Sell Quote Volume Difference provide insights into future demand and potential price movements for altcoins.
- The identification of specific altcoins poised for growth, such as Solana and Polygon, can guide investment decisions and strategies.
- The re-accumulation phase suggests that the altcoin market is preparing for another significant upward movement, making it a critical time for investors to position themselves.
- Staying informed about market trends and whale behavior is essential for capitalizing on potential gains in the altcoin market.