Crypto whales are significantly increasing their holdings in Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK) ahead of the U.S. Consumer Price Index (CPI) release. This report, a crucial measure of inflation, is anticipated to impact market sentiment and asset valuations.
The surge in BTC accumulation is attributed to its perceived role as an inflation hedge. Ethereum's appeal is bolstered by the upcoming Ethereum 2.0 upgrade and its importance in DeFi and NFTs. Chainlink is gaining traction due to its oracle network's utility in blockchain infrastructure. These strategic moves suggest a response to potential economic changes.
Crypto Whales Boost Bitcoin, Ethereum, and Chainlink Holdings Pre-CPI Report
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