-
The number of traders buying the dip in ETH and ASTER as a result of the October whale conviction is increasing.
-
Institutions are looking at altcoins that have strong fundamentals, like Ethereum, ASTER and SUI.
-
Altcoin price surge seen even during September’s market correction signals conviction.
This week, more than $3 billion of leveraged positions were liquidated. The Fear & Greed Index is now in “fear” mode due to the long squeeze. Whale wallets are still buying the dip and showing their conviction in certain altcoins that have strong fundamentals.
Crypto traders still expect an altseason to happen before the end this year. Top investors, led Eric Trump, have locked in a major bull-market during the fourth quarter 2025 due to the anticipated monetary ease in the United States.
RelatedEric Trump urges ‘Buy The Dip’ as BTC ETH and XRP Rechecks Support. Is Now The Chance?
High Whale Conviction Altcoins To Stack For October
Ethereum: Institutional purchases define the floor
After being stuck in a correction stage for the past two week, Ethereum (ETH), has attracted the interest of whale investors. On-chain data analysis, for example, shows that 10 whale investors have accumulated more than 210 ETH in the past few days through Over the Counter (OTC desks).
BitMine has increased its ETH treasury to $8.66 billion, a $69 million increase. Whales control about 3.8 millions ETH worth $15 billion across the top 12 entities.
According to a market data analysis by CoinGecko 12 entities hold a total 3.8 million ETH valued at approximately $15.2 billion.
Related Ethereum Below $4,000 As BlackRock Trims Holdings, ETF Outflows Increase.
ETH Technical Outlook
Technically, the Ethereum price is approaching a major support trendline established in early April 2025. This was evident during its recent pullback. According to Glassnode’s MVRV Extreme Deviation Price Bands, Ether must reclaim its support level above $4841 in order to invalidate any potential drop below $2k.
Source : X
Crypto analyst Benjamin Cowen, however, believes that Ether will retest 21W EMA during the next few weeks and then rebound to a new high in the last two months 2025.
ASTER: New Entrant with Heavy Whale Flows
The demand for ASTER tokens has steadily increased since Binance and its founder Changpeng Zhao (CZ) supported Aster DEX. Lookonchain’s on-chain data analysis shows that two whales purchased 118,000,000 ASTER worth $270 million.
In the last few days, 15 wallets, which are believed to be the same whale accumulated 68,000,000 ASTER worth over $156,000,000. A wallet linked to Daniel Larimer (founder of Fractally DEX) purchased 50 million ASTER valued at more than $114 million from Gate.io in the past few weeks.
ASTER Technical Outlook
ASTER has been one the best performing crypto assets over the past 10 day. The mid-cap altcoin with a fully diluted value of approximately $16 billion has almost recorded an increase of 10x since its launch on 17 September.
The increasing demand from whale investors is expected to play a key role in ASTER’s bull rally.
Other Picks : SUI, Plasma
SUI and XPL appeared on whale screens as well. During XPL’s public presale one buyer put down 50 million dollars and is sitting on paper gains of $40 million.
Why it Matters
Even with macro headwinds whales and institutions show confidence in altcoins that have strong fundamentals. October could be the month that institutional investors begin to set up the next leg in the altcoin cycle.
This site is for entertainment only. Click here to read more
