The initial part of September experienced an increase in trading activity. A variety of assets benefited from the boosted sentiment, rising to local highs as buy-side pressure intensified throughout the market.
Nonetheless, the momentum started to shift gradually on September 14. As interest in Bitcoin waned, bearish pressure affected the broader market, negatively impacting overall sentiment. Despite this slowdown, large investors have seized the opportunity to expand their holdings in specific assets, setting themselves up for potential gains in October.
Litecoin (LTC)
Sponsored
As of this writing, Layer-1 (L1) coin LTC is priced at $65, reflecting a 5% decrease over the past 30 days. This has opened an accumulation window, with whales seemingly betting on a rebound in the upcoming weeks.
Data from Sanmtiment reveals that whales holding between 10,000 and 100,000 tokens have accumulated 300,000 LTC worth approximately $31.6 million in the last month.
For token TA and market updates: Interested in more token insights like this? Subscribe to Editor Harsh Notariya’s Daily Crypto Newsletter here.
If this accumulation continues into the next month, it could propel the coin’s price above the resistance at $109.91 and toward $119.47.
Sponsored
Conversely, if bearish forces intensify, they may drive a decline towards $98.43.
SPX6900 (SPX)
The decentralized meme coin SPX is another altcoin that crypto whales are accumulating in anticipation of potential gains in the coming month. The altcoin’s value has decreased by nearly 15% over the past month, creating opportunities for strategic accumulation by significant holders.
According to Santiment, addresses holding between 10 million and 100 million SPX tokens acquired 23.04 million coins in just the past 10 days, reflecting a growing conviction among this group of investors.
Sponsored
If this purchasing trend persists, it could lead to a breakthrough of the resistance at $1.0286 and push SPX’s price up towards $1.2681.
However, should sell-offs resume, its price might drop to $0.8189, a low last seen in May.
Ondo (ONDO)
According to data from Nansen, spot whales holding ONDO tokens valued over $1 million have increased their positions by 10% in the last month.
Sponsored
Over the same timeframe, the 100 largest crypto whales have also increased their ONDO positions by 1%, fueling optimism for a favorable October for this altcoin.
These increases in activity among large token holders indicate growing institutional confidence and suggest that whales are positioning early for potential upside.
If the accumulation trend continues, ONDO’s price could rise above $0.8955.
However, if demand wanes, the token could slide back toward $0.8308.
