tl;dr
Senior on-chain analyst Ali Martinez reports that large investors have been acquiring substantial amounts of Cardano (ADA) and Dogecoin (DOGE) during a period of market stagnation. Martinez notes that ADA whales purchased over $85.6 million worth of ADA in 48 hours, while DOGE whales bought $64 mill...
Cardano (ADA) whales have accumulated $85.6 million worth of ADA in just 48 hours, signaling significant investor activity. Additionally, these whales acquired $64 million worth of Dogecoin (DOGE) in 24 hours, indicating a substantial accumulation of the memecoin. In total, crypto whales amassed nearly $150 million worth of ADA and DOGE in just two days, reflecting a high level of investment activity.
Bitcoin's In/Out of the Money Around Price (IOMAP) metric reveals a strong support wall between $94,300 and $100,250, with millions of wallets accumulating BTC in that price area.
Senior on-chain analyst Ali Martinez reports that large investors have been acquiring substantial amounts of Cardano (ADA) and Dogecoin (DOGE) during a period of market stagnation. ADA whales purchased over $85.6 million worth of ADA in 48 hours, while DOGE whales bought $64 million worth of the memecoin in 24 hours. Altogether, the whales accumulated nearly $150 million worth of ADA and DOGE in just two days.
According to Martinez, Bitcoin has strong support levels, with millions of wallets acquiring significant amounts of BTC in the price range of $94,300 to $100,250. As of the report, ADA is trading at $1.07, DOGE is valued at $0.40, and Bitcoin is trading at $101,946.
Analyst Ali Martinez states that deep-pocketed investors are loading up massive amounts of Cardano (ADA) and a top memecoin as the market has remained stagnant over the past week. Martinez notes that crypto whales accumulated $85.6 million worth of ADA in a couple of days and acquired $64 million worth of Dogecoin (DOGE) within 24 hours. In total, the crypto whales accumulated nearly $150 million worth of ADA and DOGE in just two days during the past week.
Martinez also highlights Bitcoin's In/Out of the Money Around Price (IOMAP) metric, stating that it reveals a strong support wall between $94,300 and $100,250, where millions of wallets accumulated BTC in that price area. At the time of writing, Bitcoin is trading for $101,946.