What Crypto Whales Are Buying and Selling Ahead Of The January US CPI Print
Crypto whales are accumulating Maple Finance (SYRUP) and Chainlink (LINK) while reducing exposure to Polygon (POL) before the January US CPI release.Summary
Ahead of the sensitive January US CPI print, which is expected to keep Federal Reserve rate-cut hopes muted, crypto whales are positioning selectively. On-chain data reveals a split in activity: whales are accumulating Maple Finance (SYRUP) and Chainlink (LINK) but reducing holdings in the Polygon ecosystem token (POL).
SYRUP has seen persistent accumulation, with whale balances up over 718% in 30 days, coinciding with a nearly 40% price rally, supported by bullish Exponential Moving Average (EMA) crossovers. LINK accumulation is quieter but suggests a preference for infrastructure plays tied to real-world assets, as whales added $6.6 million in LINK while the price forms a double bottom pattern.
Conversely, large POL holders have started selling after a sharp rally, cutting holdings over the past day. This selling follows a steep price surge, and technical indicators like On-Balance Volume (OBV) suggest weakening buying pressure, indicating that the move in POL appears more cyclical than conviction-driven ahead of the macro event.
(Source：BeInCrypto)