Altcoin Whales Accumulate Post-Crash While Digital Asset Treasuries Face Performance Scrutiny
Altcoin Whales Accumulate Post-Crash While Digital Asset Treasuries Face Performance Scrutiny
Following an early-November market crash, crypto whales are actively accumulating specific altcoins—Aster, Bio Protocol, and Syrup—identifying bullish divergences and recovery setups, suggesting potential for future gains. Concurrently, Bitwise CIO Matt Hougan emphasizes that only Digital Asset Treasuries (DATs) that engage in sophisticated strategies like debt and derivatives will avoid investor punishment, as mNAV ratios collapse for passive funds across the sector.
The early-November crypto crash shook the market, but whales are quietly turning it into an opportunity. On-chain data shows large holders accumulating Aster, Bio Protocol, and Syrup — three altcoins showing bullish divergences, OBV and CMF breakouts, and clear recovery setups that could define the next leg once broader sentiment stabilizes.
Bitwise CIO Matt Hougan says only Digital Asset Treasuries that “do hard things” — such as using debt, derivatives, or structured finance — deserve to trade above their net asset value. As mNAV ratios collapse across the DAT sector, he warns that passive firms will be punished by investors.