According to an assessment shared by cryptocurrency analysis firm Alphractal, whales may be more concentrated in some altcoins than individual investors.
As is known, the Bitcoin price has experienced a serious recovery today and is hovering above $105,000 at the time of writing.
According to Alphractal analysts, the Whale vs Retail Investor Ratio metric shows that whales are currently more inclined to long positions, and whales seem to be particularly interested in ZEC, UNI, KSM, COTI, and ALICE altcoins.
However, the analyst company also adds that there is a really noticeable decrease in trading volume between $ 74,000 and $ 86,000 on the Bitcoin chart. According to analysts, if the recent recovery fails to continue, we may see the BTC price begin to move in this range in the coming weeks, and consolidation and liquidity formation may occur during this period.
On the other hand, a significant portion of the largest altcoins are trading in the green zone today. The ones that experienced the biggest increases were FARTCOIN, JASMY, DEXE and OM, respectively.
*This is not investment advice.
