In February, the crypto market experienced sideways movement, but it has recently seen a downturn due to the impact of Donald Trump's war trades. This has led to over $800 million in liquidations and increased volatility. However, despite the pullback, crypto whales have been accumulating coins in anticipation of potential gains in March.
Bitcoin (BTC) broke below a key support line, falling to multi-month lows and currently trading at $79,610. BTC whales have taken advantage of the discounted prices, leading to a 23% increase in large holders' netflow in the past week. This accumulation suggests increased confidence and potential upward price pressure, potentially driving the value of BTC back above $95,000 in March.
The metaverse-based token SAND has also attracted renewed interest from whales. Whales holding between 100 million and 1 billion tokens have accumulated 180 million SAND, indicating an undervalued status. Historically, negative market value to realized value (MVRV) ratios have been a buy signal, and if whale accumulation continues, SAND's price could surpass $0.35 in March.
The Layer-2 token OP has also seen increased inflows from large holders despite an 8% price drop. This suggests confidence in OP's future price movement and potential for upward momentum. If this trend continues, it could drive OP's price to $1.52 in March.
Content Editor ( beincrypto.com )
- 2025-02-28
What Crypto Whales Are Buying For Potential Gains in March 2025
