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<p>Major investors in the crypto sector appear to be positioning themselves for an upcoming altcoin bull season, according to the latest blockchain data. This accumulation could herald massive gains for Bitcoin’s alternative coins in the coming months.</p>
<h2 id="h-early-signs-of-an-altcoin-rally">Early Signs of an Altcoin Rally</h2>
<p>Blockchain analysts have identified several indicators suggesting interest. According to blockchain data analyst Santiment, the largest <a href="https://www.cointribune.com/en/bitcoin-in-difficulty-a-new-hope-at-80000-by-the-end-of-may/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin wallets</a> have significantly reduced their positions in recent months. Whale wallets holding between 1,000 and 10,000 BTC have substantially decreased their holdings.</p>
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<p>At the same time, transactions over $100,000 in Bitcoin have dropped significantly, indicating that major investors are temporarily turning away from the crypto queen.</p>
<p>Conversely, <a href="https://www.cointribune.com/en/crypto-ethereum-whales-take-their-profits-a-worrisome-sign/" target="_blank" rel="noopener noreferrer nofollow">Ethereum whales</a> have massively accumulated in recent months. Wallets holding over 10,000 ETH have added nearly 22 million ethers to their reserves over the past 14 months.</p>
<p>A similar trend is observed in XRP, where large wallets holding over 10 million units have amassed an additional 3.17 billion XRP over the past year and a half.</p>
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<h2 id="h-the-time-for-altcoins-has-come">The Time for Altcoins Has Come…</h2>
<p>These <a href="https://coinpedia.org/news/crypto-whale-accumulation-signals-major-altcoin-season-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow">massive flows</a> from institutional investors seem to indicate an imminent trend change. After months of Bitcoin’s overwhelming dominance, the altcoin season appears to be on the verge of restarting.</p>
<p>From a technical standpoint, the <a href="https://www.cointribune.com/en/bitcoin-btc-is-decoupling-from-other-assets/" target="_blank" rel="noopener noreferrer nofollow">BTC dominance</a> over the rest of the crypto market has just broken a long-term upward trend. This is typically a signal heralding a rotation to altcoins.</p>
<p>The ETH/BTC pair is also testing the resistance of a multi-year downward channel, suggesting an imminent rally for Ethereum against Bitcoin.</p>
<p>With the recent approval of the first spot ETFs on Ether in Hong Kong and the United States, many investors are positioning themselves on Ethereum’s jewel for the coming months.</p>
<p>In summary, all signals are green for a <a href="https://www.cointribune.com/en/bitcoin-new-ath-coming-soon-analysis-of-may-22-2024/" target="_blank" rel="noopener noreferrer nofollow">powerful rally in altcoins</a> in the near future, after massive accumulation by major sector investors in recent months.</p>
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Crypto: Massive Bitcoin whale exits, the time for altcoins has come!

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