What Crypto Whales Are Buying Ahead of the U.S. CPI Print
Crypto whales are making their strikes forward of the upcoming U.S. CPI print on September 11. The knowledge is the final main macro launch earlier than the Federal Reserve’s September assembly, the place interest-rate cuts are on the desk. Markets have already got weak job progress and rising unemployment, pointing towards coverage easing. Inflation will now resolve whether or not cuts are shallow or aggressive.
In this unsure setup, crypto whales are shopping for selectively — splitting between risk-on performs, safer allocations, and balanced bets. Here are the three cash drawing whale consideration earlier than the CPI launch.
Ethena (ENA)
Ethena (ENA) is up 11% in the previous 24 hours, extending its weekly rally to 22.7%. With the U.S. CPI print round the nook, ENA has drawn consideration as a balanced play. Recent stablecoin-linked information — Binance itemizing Ethena’s USDe and the launch of USDm with MegaETH — has added credibility to its community.
These developments give ENA a footing that whales might discover helpful in each situations: if CPI cools and charge cuts drive risk-on flows, or if CPI runs scorching and demand shifts towards tasks with stablecoin depth.
Crypto whales have been fast to place. In the previous week, massive holders added roughly 8.25 million ENA tokens, price about $7 million at $0.84. Exchange balances fell 1.44%, displaying accumulation fairly than profit-taking.
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A key set off for this positioning was the Money Flow Index (MFI), which tracks whether or not inflows outweigh outflows. Since late August, MFI has been rising whereas ENA’s worth has consolidated, displaying patrons (together with whales) might need been shopping for dips constantly.
On the charts, ENA has damaged above $0.77 and now faces resistance at $0.87. A day by day shut larger may open $0.95 and $1.16 as targets.
The broader uptrend breaks provided that the ENA worth closes beneath $0.60. The regular dip shopping for and whale inflows counsel ENA can take up CPI-driven volatility whereas preserving its upside potential alive.
Uniswap (UNI)
Uniswap (UNI), the main decentralized change token, has gained 3.5% in the previous 24 hours and over 2% this week. Its broader uptrend stays intact with three-month positive factors of 16%. UNI additionally rides the momentum of DeFi’s resurgence, as the sector lately climbed previous $160 billion in whole worth locked (TVL). This backdrop makes UNI a key “risk-on” play as whales place forward of the upcoming U.S. CPI print.
Whales have added 40.82 million UNI since September 4, price practically $398 million at the present $9.75 worth. This massive influx alerts confidence that UNI’s position in DeFi and whale portfolio may maintain up even when inflation knowledge complicates rate-cut bets by coming in hotter.
The Relative Strength Index (RSI), which measures worth momentum on a 0–100 scale, has flashed a hidden bullish divergence. While UNI’s worth shaped larger lows, the RSI made decrease lows between August and early September. This sample usually alerts development continuation, suggesting UNI’s muted consolidation was a buildup section fairly than weak spot.
With worth now recovering, a day by day shut above $9.86 may pave the strategy to $10.70 and $11.60, whereas assist at $9.10 helps safeguard the broader uptrend.
Ondo (ONDO)
Ondo (ONDO) has climbed 5.7% in the previous 24 hours and 6% this week, regardless of its 30-day efficiency remaining adverse. The current push got here alongside a pointy wave of whale accumulation. Since September 4, whale holdings have jumped from 7.77 billion to eight.08 billion ONDO, a web improve price about $300 million at as we speak’s worth of $0.97.
This positioning alerts confidence. ONDO is tied to the real-world asset (RWA) house, giving it a steadier profile in comparison with speculative performs. For crypto whales, this makes ONDO a balanced guess forward of the U.S. CPI print. If inflation knowledge is available in cooler and charge cuts look extra possible, ONDO may trip the broader rally. If CPI runs hotter and threat urge for food dips, ONDO’s RWA focus should maintain demand regular.
On the charts, ONDO has damaged by means of resistance at $0.95, with momentum strengthening after the Bull-Bear Power (BBP) indicator turned optimistic. A day by day shut above $1.00 would open the strategy to $1.11, whereas assist sits close to $0.91. This setup explains why whales are stacking ONDO regardless of current uneven buying and selling.
The Bull-Bear Power (BBP) indicator measures the stability between shopping for and promoting power. A optimistic studying means bulls have gained management, whereas a adverse studying alerts bears dominate.
However, a break beneath $0.85 would invalidate the speedy bullish outlook for ONDO.
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