What Crypto Whales are Buying Amid the Bear Market

Despite the cryptocurrency market dropping significantly in November, suggesting a potential bear market, large crypto wallets, or 'whales,' are quietly accumulating three specific tokens: Optimism (OP), Aster (ASTER), and Maple Finance (SYRUP). This accumulation suggests they are positioning for potential future gains rather than exiting positions.

For Optimism (OP), the top 100 addresses increased holdings by 3.15% over 30 days, viewing it as a strong Layer-2 scaling project. The price chart shows a bullish RSI divergence, suggesting fading downside pressure, with a key breakout needed above $0.47.

Aster (ASTER) saw significantly faster accumulation, with whales increasing holdings by 140% in 30 days. The price has broken out of a falling channel, supported by a bullish RSI divergence, indicating a potential trend reversal, targeting resistance at $1.29.

Maple Finance (SYRUP), a DeFi lending project, also saw increased whale activity across multiple holder groups. The price is attempting to complete an inverse head and shoulders pattern, requiring a confirmed break above the $0.53 neckline, ideally accompanied by a break in the On-Balance Volume (OBV) trendline, for a strong confirmation.

(Source：BeInCrypto)