DWF Labs partner reveals large accumulation of altcoins and BTC, betting on market rebound

BTC3,06%
BNB1,29%

On March 3rd, it was reported that DWF Labs, a crypto market-making firm, Executive Partner Andrei Grachev recently posted on social platform X that his team has been continuously increasing holdings of various cryptocurrencies over the past month, including altcoins, Bitcoin, and BNB. He straightforwardly stated: “Last month, we accumulated a lot of junk coins, altcoins, Bitcoin, and BNB. When the market rebounds, you’ll see an unprecedented level of market activity.”

This statement quickly sparked discussions within the crypto community. Some market participants believe that this remark signals institutional funds are positioning themselves in advance, especially given the current phase of market correction, with some funds possibly accumulating at low levels. Andrei Grachev’s comments are also seen as an expression of expectations for a future rebound in crypto market liquidity.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin meltdown to $10,000 remains likely unless prices reclaim $75,000, analyst says

A familiar voice is back with a familiar, and controversial, call on bitcoin BTC$66,860.50. Mike McGlone, senior commodity strategist for Bloomberg Intelligence, is reiterating that bitcoin could crash to $10,000. But this time, he's framed it with a very clear line in the sand: $75,000. If bitco

CoinDesk1h ago

Capital Flows From Gold Back to Bitcoin As Digital Haven Matures

Bitcoin has consistently been considered as a centerpiece for crypto-economic theory and its representation as “Digital Gold”. Recent data from Fidelity clearly demonstrates that Bitcoin’s role as a measurable indicator of market performance is firmly established as a reality, not just a

BlockChainReporter1h ago

Bitcoin's $1.3 trillion security race: Key initiatives aimed at quantum-proofing the world's largest blockchain

Quantum computers capable of breaking the Bitcoin blockchain do not exist today. Developers, however, are already considering a wave of upgrades to build defenses against the potential threat, and rightfully so, as the threat is no longer hypothetical. This week, Google published research

CoinDesk1h ago
Comment
0/400
No comments