What are whales buying in a bearish cryptocurrency market?

The cryptocurrency market spent most of November in the red, with the TOTAL index falling around 20% month on month, before recovering slightly at press time. This weakness has revived discussion about the possibility of a new bear market actually starting.

In any case, despite the fear, the whales buy cryptocurrencies, which show that the biggest wallets came in first rather than going out. These wallets are quietly adding three tokens that are not driven by hype, but are backed by real activity and solid fundamentals. Its accumulation over 30 days indicates a ready stop in case the broader market declines.

Optimism (OP)

The first token you buy Cryptocurrency whalesGiven the expectations of a bear market, it is Optimism (OP). The broader cryptocurrency market has fallen sharply in the past month, and this altcoin is down 13.3%, but the biggest OP whale shows unwavering conviction.

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The first 100 Optimism addresses have increased their participation by 3.15% in the last 30 days. At today’s OP price, that addition is worth about $54 million, which shows that the mega whales are not shaken by the weak market.

Optimism is one of the biggest Tier 2 expansion projects, which may be because whales see long-term value even if market sentiment weakens.

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His confidence matches the chart. Over a 2-day period, the OP price made a lower low between April 7 and November 3, while the Relative Strength Index (RSI) formed a higher low.

The RSI measures momentum to see when an asset is overbought or oversold. This divergence is a bullish RSI divergence, a signal that often appears when downward pressure is removed and a larger trend reversal may be forming.

Cryptocurrency whales often look for these changes when… Prepare soon in altcoins.

For the reversal to be effective, OP needs a clear break above $0.47, a level that has prevented any attempt to rise since mid-October. A break here opens a path towards $0.61, and even $0.85 if sentiment improves.

On the upside, losing $0.38 puts $0.31 back into play. A break below $0.31 exposes $0.23 and invalidates the bullish setup that the whales appear to be setting up.

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ASTER

The following code Crypto whales buy It’s ASTER. The pace here is noticeably faster than what we saw in Optimism. In the last 30 days, whales have increased their participation by 140%, pushing their total stock to 67.03 million ASTER.

At the current price of about $1.13, Whale’s total value is about $75.7 million, with about $44 million coming from recent acquisitions.

Smart wallets have also moved in the same direction. Its shares have jumped 678% in the past month.

The chart supports the actions taken by these portfolios. The price of ASTER has broken out of a bearish channel in the 12-hour chart, indicating that the downward trend is losing strength. You can also see a clear divergence in the bullish RSI record between October 17th and November 14th.

ASTER price During this period, he achieved a lower bottom, while … RSI made a higher bottom. This change indicates that the momentum has changed, and the price could follow if the buyers remain active.

Short-term price action already reflects some of this. The Aster is up nearly 9% in the past 24 hours, but the larger chart is still leaning toward a reversal rather than a simple stop.

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If this structure holds, the next big hurdle is at $1.29. This level prevented a rally attempt on November 2, so a clean stop would confirm a stronger trend.

If this discovery takes place, the Aster could extend towards $1.59 later.

On the upside, $1.11 remains the first line of support. Losing $1.11 opens the way to $1.00, and if it fails, the deepest level will be at $0.81.

Mabel Finance (SIROP)

Maple Finance (SYRUP) is the third coin that whales are buying in anticipation of a bear market. Maple is a DeFi lending project focused on institutional credit. Its setting is Bullish, but in a more measured way compared to Optimism and Aster.

The report said that in the last 30 days, the first 100 addresses of the great whales have increased their participation by 3.47%, increasing. The combined total reached 1.11 billion SYRUP.

At current prices, the total value of the large whales is estimated at about $499.5 million. Other campaign groups are moving in the same direction.

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Smart money portfolios added 1.86%, and common whales increased their holdings by 4.57%. When all these groups point in the same direction, they usually reflect increased confidence.

The chart shows Because traders can place here. SYRUP is trying to complete an inverse head and shoulders pattern (for a long time now).

The stock is currently located near $0.53. If the price moves above, the strike becomes valid, and the target extends towards $0.65 or even higher.

There is also the trend of balance volume (OBV) to consider. Balance Volume (OBV) is an indicator that tracks buying and selling pressure. Buying has appeared on OBV, but the index is still sitting below a downward trend line that started around October 14.

To dive into a stronger trend reversal, whales may want to see both: a break above the $0.53 neckline and an OBV break above that trendline at the same time.

When price and OBV break, the highs tend to hold better.

The configuration now appears to demonstrate conviction, not assertion. However, if the buyers fail and the price falls, the invalidation occurs at $0.38. A drop below $0.38 weakens the pattern and could push Seran towards $0.28.