Crypto whales, those big-money investors, have been making some serious moves recently. According to analyst Ali Martinez, they scooped up a massive amount of cryptocurrency in just a couple of days.
Cardano and Dogecoin Surge
Martinez reported that whales purchased over $85 million worth of Cardano (ADA) in just 48 hours. That’s a lot of ADA! Around the same time, they also bought $64 million worth of Dogecoin (DOGE) in a single day. In total, that’s nearly $150 million worth of crypto in just two days. At the time of this writing, ADA is trading at $1.07 and DOGE at $0.40.
Bitcoin’s Strong Support
Martinez also looked at Bitcoin’s price, using a metric called In/Out of the Money Around Price (IOMAP). This metric helps determine support and resistance levels by looking at which Bitcoin addresses are currently making or losing money. He found that Bitcoin has strong support around $94,000, with millions of wallets holding a significant amount of Bitcoin at or above that price. This suggests Bitcoin might be relatively stable at these levels. Bitcoin is currently trading at $101,946.
Disclaimer:
/p>
