based on materials from the website - By COINTURK NEWS
This week, the digital assets market demonstrated calm dynamics, as many tokens returned a significant portion of their July gains. The global cryptocurrency market capitalization decreased by about 4% over the past week. This indicates a weakening bullish momentum among market participants, leading to a more cautious approach.
Despite this decline, blockchain data analysis shows that large investors are focused on specific altcoins. In particular, significant investments have been attracted to cryptocurrencies such as Arbitrum (ARB), Chainlink (LINK), and Cardano (ADA).
In a week when the market remained relatively stable, many investors shifted their attention to significant wallet movements. According to the analysis, the behavior of large investors often predicts overall market trends. One of the most notable assets this week was Arbitrum (ARB), known for its layer two solutions.
According to Santiment data, last week, investors holding between 1 to 10 million ARB made joint purchases totaling 10 million ARB. Santiment notes: 'Active purchases by large investors can encourage small investors to participate in the market.' If this demand continues, ARB may break out of its sideways trend.
Another altcoin attracting the attention of large investors is Chainlink (LINK). According to Nansen data, wallets worth over 1 million USD increased their assets in LINK by 25%. Commenting on this development, the company noted: 'High interest from large investors indicates growing confidence in the short-term prospects of the token.'
If the positive trend for LINK continues, its price could rise to around 26.89 USD. However, if demand weakens and large investors begin to sell, the price could drop to 23.48 USD.
Another significant movement occurred with Cardano (ADA). On-chain analysis data shows that investors holding between 1 to 10 million ADA acquired 60 million new ADA last week. However, the overall stagnation of the market led to ADA's price moving within a narrow range.
Analysts suggest that if large investors continue to buy ADA, the price may test the resistance at $0.89. However, if the buying momentum slows down, the price of ADA could fall to $0.84.
Santiment notes: 'Sustained interest from large investors in purchases can provoke a rise in the price of ADA.'
Overall, despite the general market decline, accumulation of specific altcoins by large investors indicates potential price growth. Analysts predict that both on-chain data and the positions of large investors will influence market trends in the upcoming period.
$BTC, $ETH, $SOL
#MarketRebound, #Cryptomarketnews
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