What Crypto Whales Are Buying After a Cooler US CPI Print
Summary
After a cooler US Consumer Price Index (CPI) report suggested easing inflation and increased expectations for interest rate cuts, large cryptocurrency holders, or 'whales,' have started increasing their risk exposure rather than reducing it. This buying activity is diversified across Curve DAO Token (CRV), Official Trump (TRUMP), and Dogecoin (DOGE), indicating a broad repositioning rather than a single trade.
Specifically, whales increased CRV holdings by 8.56% despite its recent price weakness, supported by a bullish divergence on the RSI indicator, suggesting selling pressure is fading. For TRUMP, whale holdings rose by 17.97% in 24 hours, reflecting renewed interest in politically sensitive tokens amid easing macro pressure. Mid-sized DOGE whales also added about 20 million DOGE after previously reducing exposure, also supported by a bullish RSI divergence.
While prices remain range-bound, the accumulation suggests whales are positioning for a potential broader market shift. Key technical levels must be held for these assets—such as $0.38 for CRV, $4.96 for TRUMP, and $0.13 for DOGE—to confirm a sustained recovery.
(Source:BeInCrypto)