The crypto market is dipping in a “risk-off” reaction to news of Israeli airstrikes on Iran
Despite the dip, on-chain data shows whales are accumulating specific altcoins
For instance, whales have loaded over $120 million in Cardano (ADA) by this time
While the market briefly rallied on news of a nearly-settled U.S.-China trade deal, escalating geopolitical tensions following Israeli airstrikes on Iran have reversed sentiment and put the crypto market under bearish pressure once again.
Bitcoin continues to dip, testing key support levels; however, while the geopolitical turmoil is sparking a broad “risk-off” move, on-chain data reveals crypto whales seem to be making their next big move. One analyst has listed a few whale-favourite altcoins that could be gearing up for a rally soon.
Altcoin 1: Cardano (ADA)
In the last few days, whales have bought over $120 million worth of Cardano (ADA), according to whale alert. At the same time, Bloomberg Intelligence raised the chances of a Cardano ETF approval to 75% by 2025.
Whales have bought over 120 million #Cardano $ADA over the past 48 hours! pic.twitter.com/TBp6OL1zQq
— Ali (@ali_charts) June 10, 2025
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The post Buying the Fear: How Whales Are Using Israel-Iran Tensions to Accumulate Key Altcoins appeared first on Coin Edition.
