With only a few days left in February, crypto whales are quietly shifting their positions. Although the overall market remains uncertain, on-chain data tells a different story. Large holders are selectively adding exposure across the three tokens. One is looking for direction, one is looking for a breakout, and one is looking for bigger upside.
As March approaches, large shareholders appear to be moving early.
Uniswap (UNI)
Uniswap is one of the more interesting names indicative of crypto whale activity heading into March. Despite the broader market selloff, UNI rose nearly 15.5% in the past 24 hours, at one point soaring to $4.29 before falling sharply.
But crypto whales are undeterred. According to on-chain data, large holders increased UNI token holdings from 639.06 million tokens to 640 million tokens. And they did it all on February 26th alone. At current prices, that sudden accumulation is worth about $1 million in a matter of hours, reflecting quiet confidence even as prices corrected from intraday highs.
The context of the chart will explain why. The UNI is consolidating inside an evolving symmetrical triangle, with lower highs encountering higher lows as both trend lines converge. The previous two attempts to break above the resistance were violently rejected, with sellers stepping precisely into the triangle border. The big core of today’s session is a direct reflection of the dynamics of momentum pushing up and supply pushing back.
However, the smart money index is still well above the signal line, so smart money positioning remains aggressive. This preserves the possibility of a breakout if broader market conditions improve. A 12-hour close above $4.21 would confirm the breakout and give UNI a potential bullish move. If the DeFi rotation meaningfully accelerates into March, it could open up to $4.88 and potentially $5.95.
On the downside, the main support is $3.81. If they break there, there is a risk that UNI will be pushed towards the lower triangle boundary line. However, buyers have consistently defended the zone since early February, suggesting the symmetrical structure remains intact and continues to shrink. However, traders will need to keep a close eye on whales and smart money positioning if a market-wide decline begins.
Bitcoin Cash (BCH)
Bitcoin Cash is another name where whale accumulation has suddenly become aggressive. BCH is up just 1.5% in the past 24 hours, underperforming the broader market. But if you zoom out, Bitcoin Cash is up nearly 70% year over year. This is an outstanding number. The names of most major cryptocurrencies cannot be said to be the same.
Its long-term strength appears to be giving it new confidence. The largest group of BCH holders, wallets with 100,000 to 1 million coins, have now seen their stash increase from 4.3 million to 4.4 million coins, equivalent to nearly $50 million. The move was swift and decisive. Remarkably, these whales were steadily decreasing their catch until February 25th. The shoulders were then formed in an inverted head-and-shoulders pattern.
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Prices started moving on February 24th. By February 26, accumulation began rapidly. The timing is intentional. Whale waited for a pattern to develop before committing. It’s not passive buying, it’s disciplined positioning. On the 8-hour chart, BCH has risen about 10% since February 24, but has since fallen back.
It is now approaching the neckline of its inverted head and shoulders formation. A confirmation above $598 would signal a breakout of the neckline, which BCH could attempt in March. Based on the pattern prediction, it opens the way to $777. However, before that happens, the price will first need to break through the strong technical resistance at $570.
Given BCH’s year-over-year performance, both goals, first the 19% neckline and then the target, aren’t all that far-fetched. However, the setup has distinct disablement levels. If you can’t get your $508 back, that’s an early warning sign. A decline below $470 will weaken the pattern significantly. A close below $423 would completely invalidate the structure and thereby unravel the whale theory.
chain link (link)
Chainlink rounds out the three tokens that have been decisive for crypto whale accumulation heading into March. LINK was still selling whales until February 25th. Things changed on February 26th. Large holders increased their holdings from 591.96 million to 592.33 million tokens. This is an addition of 370,000 LINKs. At current prices, that accumulation is worth about $3.5 million. This is a sudden change in positioning.
The trigger is clear. As predicted by BeInCrypto analysts, Chainlink broke out of an inverted head-and-shoulders pattern yesterday on the 12-hour chart. This is not an expected purchase. After the escape was confirmed, the whale moved, adding to the evidence rather than speculation.
Since the breakout, LINK encountered resistance at $9.62 and retreated, likely due to profit taking. However, it remains firmly held near the strong support zone of $9.28. This level needs to be maintained to keep the bullish structure intact.
There is another layer of strength here. Chaikin Money Flow (CMF) rose above the zero line on February 20th. This cross was a sign that prior to the breakout, institutional money was flowing into LINK before the price moved. CMF is currently 0.13.
Moving towards 0.18 will deepen institutional participation and give LINK the momentum it needs to take its next steps.
If buying resumes and sentiment holds, a move above $9.62 and then $10.05 will pave the way for the expected target of $11.70.
Disabling it is easy. A correction to $8.51 is the first warning. A close below $8.04 would weaken the structure significantly and put the entire bullish thesis at risk.
