Whales Are Back: Billions in Stablecoins Hit Exchanges

• Whale activity increases as billions in stablecoins flow into exchanges, signaling potential market shifts.
• Altcoins gain momentum, supported by consolidation and Bitcoin breaking long-term resistance near all-time highs.

A recent analysis by Alan Santana, a famous crypto analyst on TradingView, reveals a dramatic shift in crypto market dynamics. Along with rising buying activity from whales and large-scale investors whose transactions often indicate significant trends, Santana says more capital is entering the market.

This move follows a protracted bearish season marked by significant crypto movements into exchanges mostly involving Bitcoin and Ether.

Whale Activity Signals Market Recovery Amid Stablecoin Inflows

Santana says the story has lately evolved. Nowadays, big volumes of cryptocurrencies are leaving exchanges; daily minting of stablecoins worth billions of dollars results in eventual deposits into other platforms.

He notes that although from March to October 2024 only roughly $1–2 billion worth of Tether (USDT) was produced monthly, November 2024 alone has already seen over $10 billion minted, with the trend going higher. Such mass movements, Santana says, only show one thing: whales are purchasing.

On-chain data and market performance confirm this buying activity even more. Santana underlines that confidence in price hikes could remain dubious if whale purchases were the only metric.

Still, the numbers fit more general market patterns. After months of consolidation, altcoins—which reached their lowest point in August—have been steadily rising.

Source: Alan Santana on TradingView

Conversely, Bitcoin is trading close to its all-time high and has passed long-term resistance levels. Stablecoin inflows, together with price swings across projects, point to a strong phase of market recovery.

Complementing this story, CNF previously reported that an “altcoin season” might not be far off. Liquidity changes and expected Trump administration pro-crypto policies help to explain this possible increase.

QCP Capital analysts pointed out that Bitcoin dominance has to dip below 58% if such a season is to really happen. Usually indicating a shift of funds into other cryptocurrencies, a fall in dominance marks a change in supremacy and drives a notable price increase in the space.