Crypto currency analysis company Alphractal’s assessment suggests that whales may be more concentrated in some altcoins than individual investors.
As is known, today Bitcoin price experienced a significant recovery and is currently hovering above $105,000 as of the time of writing this article.
According to Alphractal analysts, the Whale vs. Retail Investor Ratio metric indicates that whales are currently more inclined towards long positions, and whales seem to be particularly interested in ZEC, UNI, KSM, COTI, and ALICE altcoins.
However, the analysis firm also notes a significant trading volume decrease 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 trading in this range in the coming weeks, which could lead to consolidation and liquidity formation during this period.
On the other hand, a significant portion of the major altcoins are trading in the green today. The biggest gainers were FARTCOIN, JASMY, DEXE, and OM, respectively.
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