Quickex.io presents an analysis of major players’ actions on the crypto market from September 23 to 29, 2024. This data comes from the premium tool Nansen, which tracks the activity of so-called “smart money”—large investors whose actions can indicate the beginning of new trends. Nansen highlights key buys and sells by major players, helping to forecast future market movements. Many investors are familiar with smart money and know how to use this information.

Investment Strategies and Asset Accumulation

In recent weeks, there has been a noticeable interest in DeFi assets, evidenced by active purchases of AAVE, UNI, and LDO tokens. Special attention should be paid to the following large deals:

• CREAM: A well-known whale under the nickname “machibigbrother” withdrew tokens after four years of staking. While it’s unclear what will be done with these assets, it can be assumed that this is a long-term strategy to await more favorable selling conditions.
• ID: Binance Labs received a new batch of tokens as part of a vesting release, and this fund is known for rarely selling its assets, indicating long-term holding.
• stETH: Major players such as IOSG and Draper repaid debts in wrapped Ether but have not taken any active steps with the ETH itself, indicating a desire to hold onto the assets for the long term.
• pyUSD: This stablecoin was received by the IOSG fund from Circle. It’s likely these funds will be invested back into the market.
• UNI: One of the largest whales withdrew tokens from Binance, adding confidence to the long-term outlook for this asset. Notably, movements with UNI have been tracked since summer 2024.
• ATH: Arthur Hayes continues to actively accumulate assets, leading to a total accumulation of $7.5 million.
• SAND: Animoca completed the receipt of the remaining tokens as part of another vesting release.

Most accumulated tokens for past week

Smart Money: Position Liquidation

Despite the active accumulation of some assets, there have also been liquidations:

• WLD: Multicoin fund redistributed tokens across several addresses, which may indicate preparation for liquidation.
• USDT: Large transactions involving Jump were associated with token withdrawals via Wormhole. These actions may be part of a risk management strategy.
• aWBTC: One whale repaid a loan on the AAVE platform, indicating a temporary stabilization of positions.
• AAVE: Defiance Capital moved tokens to another address, which may suggest preparation for position liquidation.
• USDC: IOSG withdrew half of the amount to Circle, and QCP sent the other portion to exchanges, likely for further trading.
• IMX: Sigil withdrew tokens to Binance, possibly indicating readiness for active selling.
• RBN: Spartan Group transferred some tokens to Coinbase and converted another portion into AEVO.

Most fixed tokens for past week

General Trends

• Decreasing Cash: Large investors are actively investing in the cryptocurrency market, reducing their positions in stablecoins.
• Rising Interest in DeFi: The DeFi sector remains a focal point for institutional investors.
• Long-Term Outlook: Many major players are betting on the long-term growth of the market and are actively accumulating promising projects.

Defi sector inflow

Conclusion

Overall, the activity of “smart money” confirms the trends observed since spring 2024. Major players continue to accumulate positions, indicating a possible upcoming market growth. Notably, the reduction in stablecoins on the balance sheets of major funds is typically accompanied by an active inflow of capital into other cryptocurrencies.

For investors tracking smart money, the data presented may signal the start of accumulation for promising assets such as UNI and ATH. Stay tuned for updates, where we provide detailed insights into cryptocurrency trends.