The post Altcoins Quietly Leaving Binance, Are Crypto Whales Preparing for a Big Altcoin Rally? appeared first on Coinpedia Fintech News
Something interesting is happening on Binance right now. Big whales are quietly moving large amounts of coins like LINK, ETH, DOGE, SHIB, and AAVE out of the exchange. This means they are buying and putting them into safe wallets, a sign they plan to hold for bigger gains.
Does this mean that the altcoin rally is about to begin?
Whales Moving Altcoins to Cold Wallets
Crypto Patel’s latest charts reveal an interesting trend that many traders often miss. His Binance Altcoin Netflow chart shows a clear signal, major altcoins are seeing heavy outflows from Binance. On this chart, red bars represent coins flowing out, while green bars show inflows.
Altcoins like LINK, ETH, DOGE, SHIB, and AAVE are topping the outflow list, hinting that whales are moving these coins into cold storage instead of leaving them on exchanges. Why does this matter?
When coins leave exchanges, there’s less supply ready to sell, which usually points to a possible price jump ahead. The idea is simple, less supply on the market can push prices higher if demand stays strong.
Binance Heatmap Shows Strong Accumulation
Meanwhile, Crypto Patel’s another chart of Binance Netflow Heatmap backs up the outflow trend. Looking closely at the green clusters, you can see that outflows have been dominating inflows over recent weeks, especially for the same altcoins that whales are pulling.
A green patch on this chart means more coins are leaving Binance than entering it. Patel points out that this is a classic accumulation signal. It shows that big holders are locking away coins for the long haul, likely betting on higher prices soon.
Next Altcoin Rally Imminent?
However, this quiet buying phase started just after Bitcoin touched a new all-time high of $118,000, while other altcoins have also been showing steady growth. If whales continue moving coins off Binance and holding them tightly, many traders believe prices could jump quickly when fresh buyers arrive.
For now, the charts suggest that smart investors are getting ready for something bigger, and that an altcoin rally might be just around the corner.