After the US Fed meeting, Bitcoin and altcoins like Solana and XRP faced heavy sell-offs. Fed Chair Jerome Powell kept interest rates at 5.25% but hinted at a possible cut in September.
Despite recent underperformance, altcoin whales are accumulating, anticipating a rally with increased liquidity from a rate cut. CryptoQuant CEO Ki Young Ju noted rising limit buy order volumes for altcoins.
Ethereum whales also accumulated $450 million in ETH in 48 hours. Analysts predict sideways consolidation until the rate cut, similar to 2019, when a liquidity pump boosted altcoins.
