Altcoin Whales are jumping into exchanges 

Altcoin-Whales-are-jumping-into-exchanges

While the onchain activities in Bitcoin are relatively quiet, there are significant actions in Alts. Whales are depositing altcoins in central exchanges. 

There can be multiple scenarios behind their actions. For example,

1. Preparing a new product in Exchanges
2. OTC deal with other whales by using custody services
3. Crypto hedge funds are liquidated
4. Opening a long/short position by using the Alts as a collateral

Scenarios 2 and 4 are more likely to be what’s happening behind, whereas it’s rare to see whales depositing their holdings to exchanges simultaneously at this bottom-likely price. 

Could it be catching the bottom of Alts or catching the falling knives?