Specialists of the analytical company Santiment claim that despite the fall of the crypto market on the eve of the May decision of the US Federal Reserve, large investors are aggressively buying up ethers and Binance Coin.
Santiment Experts reportthat investors with wallet balances ranging from 1,000 to 10,000 ether purchased another 142,000 ether in the shortest period of time. As a result, the total balance of these investors amounted to more than $407 million. Santiment notes that the surge in accumulation comes after a nearly four-month period of stagnation that began at the end of last year.
“Large investors interested in ETH are showing a desire to accumulate, having added another 142,000 ETH in the last 10 days. After a long decline that began in mid-December, this is the most stable accumulation trend that we have seen in the last four months,” experts say.
Analysts say that large investors in Binance Coin (BNB) have also stepped up buying activity recently, which the agency believes could be a sign of an upcoming trend reversal.
Analytical company Santiment warns investors that the strong volatility observed in the cryptocurrency markets over the weekend should continue as the date of the announcement of the next decision of the US Federal Reserve System (FRS) to raise interest rates approaches.
📉 #Crypto markets have retraced significantly this weekend, particularly #altcoin prices. If you have been waiting for major price volatility, expect for it to continue into Monday & Tuesday as the #Fed approaches their May interest rate hike decision. https://t.co/DoYMMYdbz9 pic.twitter.com/XHlDLuHbE7
— Santiment (@santimentfeed) April 30, 2022
“Crypto markets pulled back significantly this weekend, especially altcoin prices. Expect significant price volatility to continue on Monday and Tuesday as the date for the Fed’s decision to raise interest rates in May approaches,” analysts said.
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