Data Revealed: Whales Are More Bullish on These 7 Altcoins, Bearish on 6 Others – Here’s the List
According to data published by cryptocurrency analytics firm Alphractal, traders are long on some altcoins and short on others.
Cryptocurrency analytics firm Alphractal has released its latest report shedding light on the impact of macroeconomic changes on Bitcoin and altcoins. The report focuses on the ongoing decline in the Effective Federal Funds Rate (EFFR) and its potential impact on traditional markets and digital assets.
Alphractal points out the ongoing decline of EFFR by noting its historical correlation with major economic events. Declining EFFR levels, especially when paired with other macroeconomic metrics, often signal financial crises or shifts in monetary policy.
The report includes a chart that marks periods when the EFFR fell with grey areas and significant rate changes with red areas. These significant transitions have historically influenced market behavior.
While Bitcoin is a relatively new asset, the report points to a notable trend: significant fluctuations in Bitcoin’s price coincided with the decline of the EFFR after August 2019. Alphractal suggests that changes in U.S. monetary policy could affect Bitcoin’s price dynamics, albeit with potential delays.
The analysis highlights that it is important to monitor both macroeconomic metrics and crypto-specific indicators to predict market movements. “Market reactions, including those in Bitcoin, may take months to adjust to changes in the EFFR, which may only then lead to significant volatility,” the report says.
Data from Alphractal points to a bullish sentiment across the market, with the overall Long/Short ratio at 3. Bitcoin has a more conservative Long/Short ratio of 1.75.
The company also touched on altcoins, with more longs and more shorts on the altcoin side.
Altcoins with Higher Long Participation:
- ONDO, ETH, SOL, DOT, DOGS
Altcoins with Higher Short Participation:
- AGLD, SXP, SUI
The report also examines whale interest, providing insights into assets that attract large-scale investments:
- Whales Prefer Long Positions: ARKM, ALICE
- Whales Prefer Short Positions: BNB, PEPE, TRX, ENA
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Treasury Targets Houthi Crypto Wallets, Financial Network
Securitize Reports Highest-Ever Dividend of $4.17 Million for Tokenized Treasury Product
Market Turmoil Hits Pi Network: Investors Face Uncertain Future
In Brief Pi Network's value has sharply declined, alarming many within the community. Experts predict a potential price drop of Pi Coin to $0.1 if trends continue. Investor confidence remains shaky due to regulatory and technical uncertainties.

1 in every 5 Americans hold Crypto: Ripple CLO
Trending news
MoreCrypto prices
More








