The share of stablecoins held by whales has dropped... we can expect the start of a new rally in the coming days
https://app.santiment.net/s/k2mL8Dw The share of stablecoins held by whales (balance >$5M USD) has dropped from 57.40% to 53.59%, meaning whales reduced their s
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**https://app.santiment.net/s/k2mL8_Dw
The share of stablecoins held by whales** (balance >$5M USD) has dropped from 57.40% to 53.59%, meaning whales reduced their share by 3.81 percentage points.
• Since the stablecoin market cap has barely changed over these days,this indicates that large holders have exited stablecoins and entered the market, essentially gaining confidence in upside.
• This share remains significant,but such moves haven't always led to growth - for example, in 2022 during dead cat bounces, their share decreased too, yet it didn't stop the price from falling.
• However, if we set aside the fact that whales, like everyone else without exception, can be wrong, their actions confirm belief in growth or a rebound.
Past comparable cases led to rallies in November - December 2024 _( they first entered the market by 4.28%, with further share reduction happening already during the price growth), _and also in late April 2025 (entry at 4.22%). In both instances, despite short-term price drawdowns, the overall trend stayed clearly upward (I'm not counting the June situation due to lack of similar setup, but the essence is the same: after such wallets entered, the market rose).
Therefore, if the whales aren't wrong this time _(as happened in the previous cycle; it's unlikely everything was due to other participants exiting coins, that can happen but doesn't explain the full decline),_we can expect the start of a new rally in the coming days, at least if we focus on their behavior.
Não é aconselhamento financeiro. DYOR.
