The cryptocurrency market is showing positive signs as the total market capitalization returns to $3.92 trillion. Notably, while Bitcoin remains stagnant, “whales” are quietly accumulating some promising altcoins.
Bitcoin Tests Key Resistance
Bitcoin is currently fluctuating around $110,800, facing selling pressure at the $112,500 level. Experts suggest that if the “digital gold” can surpass the $115,000 mark, the market may have a stronger breakout opportunity.
However, the RSI indicator is sending warning signals, indicating that investors should exercise caution in the short term. On a positive note, the support level at $3.81 trillion remains firm, providing a solid foundation for market recovery.
Whales Targeting Top Promising Altcoins
While Bitcoin’s direction remains unclear, smart money is shifting towards quality altcoins. Data from Lookonchain shows significant withdrawals from centralized exchanges, focusing on three standout names: Worldcoin (WLD), Aave (AAVE), and Uniswap (UNI).
- Aave (AAVE): Wallet 0xF436 made headlines by withdrawing 43,123 AAVE worth approximately $13.87 million within two days. The willingness of a large investor to “stash” this massive amount of tokens indicates strong confidence in the long-term potential of this leading DeFi lending protocol.
- Worldcoin (WLD): Last weekend, wallet 0xC0D9 withdrew 9.325 million WLD from Binance, equivalent to $8.86 million. This move reflects growing institutional interest in Sam Altman’s ambitious biometric identification project.
- Uniswap (UNI): Most recently, wallet 0x4940 withdrew 408,557 UNI worth $4.11 million in just four hours. This further reaffirms Uniswap’s irreplaceable position in the decentralized finance ecosystem.
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Positive Signals for Altseason 2025?
Analysts believe that the coordinated accumulation of quality altcoins by whales is not a coincidence. This is often a sign of an upcoming altcoin bull cycle, as large investors begin to position themselves early.
“When whales withdraw funds to cold wallets, it usually means they have no intention of selling in the short term,” a Lookonchain expert commented.
“The selections of WLD, AAVE, and UNI highlight a focus on projects with solid technological foundations and long-term growth potential.”
Perspective: Is Altseason Approaching?
The movements of whales over the past week could be a noteworthy signal for the altcoin season in 2025. As Bitcoin continues to seek breakthrough momentum, the shift of smart money towards high-quality altcoins suggests that the market is maturing.
However, retail investors should still proceed with caution. Although positive signals are emerging, the crypto market remains fraught with unforeseen risks. Monitoring whale activity can be a valuable strategy, but it should not be the sole basis for investment decisions.
