What Crypto Whales Are Buying And Selling Ahead Of The November US CPI Print
Summary
Crypto whales are positioning cautiously ahead of the US CPI print, with expected inflation figures of 3.1% year-on-year potentially influencing rate cut timelines. This uncertainty has led to varied strategies across different assets. For Pippin (PIPPIN), whales are accumulating, increasing holdings by 12.34% ($19 million worth), suggesting positioning for a potential soft CPI print that favors rate-cut hopes. The token is in a bullish flag pattern, targeting $0.52.
Conversely, Maple Finance (SYRUP) shows selling pressure from whales, who distributed about 5.46 million SYRUP despite recent price strength. This divergence, coupled with a hidden bearish RSI divergence on the chart, suggests whales are hedging macro risk, anticipating that a hot CPI could hurt high-beta DeFi exposure.
Fartcoin (FARTCOIN) displays a conflict: smaller whales have sold 3.83% amid a 17% price drop, while mega whales increased holdings by 4.3%. This suggests smaller holders respect the bearish technical structure, while larger entities might be betting on high volatility around the CPI event, typical for Solana-based meme coins.
(Source:BeInCrypto)