Bitcoin, Ethereum, XTZ, KCS, AAVE

Dow Jones Industrial Average rallied to close last week after eight straight weeks of losses higher 6.2%. However, Bitcoin (bitcoin) Have Unable to replicate performance U.S. stock markets and threatened to draw a red candle for the ninth week in a row.

In a positive sign, Bitcoin whales have been buying into market corrections. Glassnode data shows the number of Bitcoin whales wallet Bitcoin with a balance of 10,000 or more has risen to its highest level since February 2021. Accumulation in whale wallets Showing that their long-term view on Bitcoin remains bullish.

Daily view of crypto market data. resource: Coin 360

Blockware Solutions highlighted that the Mayer Multiple indicator, which compares the 200-day simple moving average to current prices, is “approaching some of the lowest readings on record.”The company said a number of other metrics also indicated Bitcoin is trying to form a bottom.

If Bitcoin begins to recover in the short term, certain altcoins may follow it higher. Let’s examine a chart of the top 5 cryptocurrencies that could lead the rescue rally.