Whale Activity Drives Bullish Momentum in BCH CRV and IMX

Large investors, or crypto whales, are increasingly shifting capital into a select group of altcoins, according to on-chain data from Santiment and other analytics platforms. The data points to a potential summer rally in the cryptocurrency market as whale activity in Bitcoin Cash (BCH), Curve DAO (CRV), and Immutable (IMX) shows signs of coordinated accumulation and technical strength [1][2][3]. These movements suggest a growing appetite for risk among seasoned investors, with clear signals emerging on key price levels and momentum indicators.

Bitcoin Cash is one of the most watched altcoins after posting four consecutive monthly green candles, pushing its price closer to a new high since April 2024. With a fully diluted valuation of around $11.4 billion, the token still has significant room to move higher. Technically, the weekly RSI has broken above 70 for the first time in 2025, a key threshold often associated with the start of an uptrend. Santiment data also reveals steady accumulation by whale wallets over the past month, reinforcing the bullish sentiment [1]. If this trend continues, BCH could retest the $1,645 level, a previous peak.

Curve DAO (CRV) is flashing another major reversal pattern on the weekly chart—specifically an inverted head and shoulders formation. A breakout above the neckline at $1.25 could trigger a rally toward $2. The MACD has already confirmed a buy signal, with the line crossing above the signal line and bullish histograms expanding. Whale activity has also picked up, with large holders acquiring more CRV over the past weeks. Such coordinated buying often precedes a significant price move [2]. Analysts are watching closely for confirmation of the pattern, which could validate the broader bullish case for the token.

Immutable (IMX) has also caught the attention of large investors as the price rebounds from key support near 38 cents. The token has formed a double bottom since the start of 2025, supported by a bullish RSI divergence. Whale wallets are increasing exposure, suggesting confidence in the potential for a move toward $1 in the near term. However, a breakdown below the 38-cent level could invalidate the bullish thesis and trigger a retracement [3]. The pattern, combined with whale activity, makes IMX a compelling play for those eyeing the summer rally.

Whale behavior in these three altcoins highlights a broader trend of institutional-style accumulation, often seen before major price moves. While retail traders remain cautious, large holders are building positions in tokens that show both on-chain strength and technical readiness. This strategic buildup, particularly in BCH, CRV, and IMX, could signal the start of a broader altcoin season if macroeconomic conditions support further momentum [1][2][3].

Source: [1] title: Whale Investors Target These 3 Cryptocurrencies Ahead of ... (https://cryptodaily.co.uk/news-in-crypto/bitzo:whale-investors-target-these-3-cryptocurrencies-ahead-of-alt-season)

[2] title: Whale Wallets Target These 3 Altcoins — Santiment Data Signals Bullish Moves (https://cryptonewsland.com/data-signals-bullish-moves/)

[3] title: Dogecoin to $0.30? Why Whales Are Betting Big While ... (https://www.interactivecrypto.com/dogecoin-to-030-why-whales-are-betting-big-while-pepe-hangs-in-limbo)