Aave

bullish

Bitcoin

USDC

<p>The post <a href="https://coinpedia.org/price-analysis/crypto-whales-are-stacking-these-coins-during-the-dip/" rel="noopener noreferrer nofollow">Crypto Whales Are Stacking These Coins During the Dip!&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As the Bitcoin price struggles to sustain dominance above $57,000, the underlying weakness in the crypto market is starting to show up. With the intraday drop of 1.47%, the BTC price is $57,103.&nbsp;</p>
<p>Despite the bearish signal, the whales are looking to buy hidden altcoin gems at a lower price in the bear market. So, here are the top 3 coins the whales are buying despite the lower low formation in the crypto market.</p>
<h2 class="wp-block-heading" id="h-top-cryptos-to-watch">Top Cryptos To Watch</h2>
<h3 class="wp-block-heading" id="h-aave-aave">AAVE (AAVE)</h3>
<p>With the Aave price trading at $130 and the Aave founder selling off 6 million worth of Aave tokens, the Aave whales are on a buying spree.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfnD91__wylGo96Z6duYtGD9YY6KqT1DwcV5c5fCG8lqlpf7oDAIMxwcGtMeE4Y46IwkVKwpQNNi75H3GuTU4VtcrwYQC6z-hW1jnm9BFv-HAl59qhHfcIvxAeIVnv7cgAwQNfoU7s6NOq-p--hy4-si5k?key=cVUrxA_3rJBUWJr6LDAwaQ" alt="AAVE">
</figure>
<p>In <a href="https://x.com/spotonchain/status/1831568593341022271" rel="noopener noreferrer nofollow">recent events</a>, two Aave whales have bought 2.2 million worth of Aave tokens, ignoring the market noise. Further, another whale, “0xa92,” withdrew 50,605 AAVE tokens worth $6.8M with a current holding of 125,605 AAVE tokens worth $16.7M.</p>
<p>With the bullish trend in motion, the crypto price is likely to surpass the $142 resistance for a new rally above the $150 psychological mark. The next target level based on the Fibonacci level stands at $182 at the 1.618 Fibonacci level.&nbsp;</p>
<h3 class="wp-block-heading" id="h-dogwifhat-wif-nbsp">Dogwifhat (WIF)&nbsp;</h3>
<p>Coming to the second coin on our list, the whales are buying the WIF meme coin. The largest holder of <a href="https://x.com/lookonchain/status/1829350182443761828" rel="noopener noreferrer nofollow">WIF </a>has spent $1.54 million USDC to buy 800,556 WIF tokens at $1.92. This whale currently holds 28 million WIF tokens, which are worth $53.23 million. Meanwhile, the profit is well above $77 million.</p>
<p>Further, another <a href="https://x.com/lookonchain/status/1830425309877043695" target="_blank" rel="noopener noreferrer nofollow">WIF whale</a> bought 9.57M WIF tokens worth $13.59M.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfBeGdTeDiu2055ODqD7p1K3vseZfGmi5bHHL6CzqT7uqzGAN_-_-8-MxoYklmcuc1LPVJ7xxvlzZAkc60svjeCuqrlQrWKSDQh6K-fDCh509gKygAmgrmAaeBuBVdA-NeXM4BHkUYHBJ6MUywHmWqhQAM?key=cVUrxA_3rJBUWJr6LDAwaQ" alt="WIF">
</figure>
<p>In a falling wedge pattern, the WIF price trades at $1.59 following the 9.95% jump yesterday. However, the bullish exhaustion leads to a 2.5% intraday drop, with a death cross between the 50-day and 200-day EMA.&nbsp;</p>
<p>Hence, based on the Fibonacci level, the next resistance beyond the 200-day EMA at $1.83 is the 23.60% level at the $2.00 psychological mark. With the continued interest in whales, the crypto could ignite a breakout rally to reach the 61.80% Fibonacci level at $3.31.</p>
<h3 class="wp-block-heading" id="h-bitcoin-btc-nbsp">Bitcoin (BTC)&nbsp;</h3>
<p>With the lower price rejection from $55,852 yesterday, the bullish exhaustion in Bitcoin is visible. Further, with an increased chance of a death cross, the BTC price is struggling to sustain above the $57,000 mark.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfZteHkslR4NNs6gd18X5rQqU923B0fEb4rDkO5A4t1nBlgSj3dOYMNol9FtR8JkVxFQWyoXxPx-SkJ4ZP4u-slIyzJMWgaTwEdRea-yPb_rEcD5GSzsoXTOvcElN2f-K_bT7889ASKWLjNGGm_s6Xi56Dm?key=cVUrxA_3rJBUWJr6LDAwaQ" alt="BTC">
</figure>
<p>Nevertheless, the whales continue their buying spree in a declining trend of Bitcoin. A surge of 283 new wallets holding at least 100 BTC in the past month signals a stealthy buying spree. According to <a href="https://x.com/santimentfeed/status/1829671149527318910" rel="noopener noreferrer nofollow">Santiment data</a>, the number of wallets with 100 or more Bitcoins has reached a 17-month high of 16,120.</p>
<p>In a specific instance, a <a href="https://x.com/spotonchain/status/1830431854765502652" rel="noopener noreferrer nofollow">whale entity </a>withdrew 2,000 BTC worth $117M at an average price of $58,525. With this move, the crypto price surged 3.18% on September 2nd, reflecting the intense bullish impact of whale movements.&nbsp;</p>
<p>Will increased whale activity drive Bitcoin back to $70K+ levels in 2024? Check out our <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price prediction for 2024-2030</a> to find out.&nbsp;</p>

Crypto Whales Are Stacking These Coins During the Dip!

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