What is the Whale buying before the CPI for October in America is announced?

The Consumer Price Index report (CPI) of America, which has been delayed due to the historic government shutdown, is expected to be released on November 13, attracting significant interest from the market. According to forecasts, inflation in October will remain close to 2.6% (overall) and 3.3% (core) compared to the same period last year. If the inflation data comes in lower than expected, the chances of the Federal Reserve (Fed) cutting down the whales interest rates may be rekindled; conversely, a higher index will cause this plan to continue to be delayed. In the context of waiting for this important report, cryptocurrency “whales” are making selective buying moves.

Instead of betting on high-risk assets, whales are prioritizing tokens with solid fundamentals and clear practical applications. Their accumulation trend focuses on assets linked to DeFi and projects with low volatility. At the same time, the price structure also reveals potential trend reversal signals.

Chainlink (LINK)

After several weeks of continuous selling, the cryptocurrency whales have returned to buy Chainlink. In the past 24 hours, the amount of LINK held by the whales has increased from 542.92 million LINK to 543.07 million LINK, equivalent to about 150,000 LINK, worth approximately 2.36 million USD at the current price.

Whales LINK | Source: SantimentThis strong buying activity occurs just before the announcement of America’s CPI report, indicating that whales expect inflation to stabilize or fall slightly, thereby supporting the overall market sentiment. The increased accumulation also reflects the belief that Chainlink’s recent downtrend may be coming to an end.

In terms of technical analysis, the price of LINK has created lower lows during the period from 10/10 to 4/11, while the RSI index — a measure of buying and selling strength — has formed higher lows. This is a rare bullish divergence signal, often appearing before a trend reversal, indicating that a hidden accumulation process is taking place. Over the past three months, LINK has fallen about 33%, making the reversal hypothesis more convincing.

If this model is confirmed, the first resistance level to pay attention to is 18.76 USD, which has limited many upward movements since the end of October. If this level is surpassed, the price may advance to 23.80 USD, even 27.92 USD, asserting the timely entry of the whales.

LINK Price Analysis | Source: TradingViewHowever, if LINK falls below 13.72 USD, the reversal scenario will fail and the price may continue to adjust towards lower support levels. Currently, the combination of whale accumulation, bullish divergence signals, and expectations for the CPI report are the reasons Chainlink is prioritized for purchase ahead of this important time.

Pendle (PENDLE)

Pendle also recorded strong buying activity from the whales, which occurred consistently before the CPI announcement. Unlike the surge of Chainlink, the accumulation process of Pendle has been quietly happening over the past week.

Whale wallets holding between 100,000 PENDLE and 1 million PENDLE have increased their balance by 7.64%, totaling 2.86 million PENDLE. At the same time, the 100 largest whales (mega whale) have also increased their holdings by 2.62%, now reaching 249.27 million PENDLE—equivalent to an additional approximately 6.37 million PENDLE, worth nearly 17.7 million USD.

In total, whales and large holders have accumulated about 6.57 million PENDLE over the past seven days, equivalent to nearly 18.3 million USD.

Pendle whales | Source: NansenNotably, this buying activity occurs alongside a modest price increase of 6.5% during the same period, indicating that large investors are proactively entering positions early, anticipating a market recovery after the CPI is announced. Nevertheless, Pendle has still fallen 47.9% over the past three months, making the current price attractive for accumulation.

Technically, the Money Flow Index (MFI) — which measures the inflow/outflow of money based on price and trading volume — has just broken above the falling trend line since early November. This breakthrough indicates that the money flow momentum is improving after several weeks of weakness, often occurring at the beginning of recovery phases.

If this trend continues, PENDLE could test the resistance level of 3.37 USD. If it closes above this level for the day, the price may advance to 3.94 USD, and if market sentiment remains positive, the long-term target will be 6.25 USD.

PENDLE price analysis | Source: TradingViewConversely, if Pendle falls below 2.50 USD, the MFI signal may fail and short-term selling pressure will return, causing this DeFi token to face new lows.

Cardano (ADA)

Cardano is also attracting renewed interest from whales, although the investment sentiment this time is somewhat more cautious. Large holders owning between 100 million ADA and 1 billion ADA have increased their balance from 3.7 billion ADA to 3.8 billion ADA since November 10, meaning about 100 million ADA was purchased in just two days, worth approximately 57 million USD.

Whales are buying ADA again | Source: SantimentThis is the first notable accumulation in many weeks, occurring just before the CPI report of America, indicating that whales are prioritizing defensive assets with low volatility while waiting for clear macro signals. Over the past year, ADA has experienced little volatility — trading within a wide range but slowly, making it a safe choice among major altcoins.

The technical chart also reinforces this movement. ADA has fallen 41% over the past three months. However, from 5/6 to 4/11, the price created lower lows while the momentum indicators formed higher lows. This is a classic bullish divergence pattern, often signaling the potential for a trend reversal.

Note that a similar divergence pattern also appeared from June to mid-October, but the previous recoveries were all capped below $0.69. This time, the lower lows are more pronounced, which could create strong upward momentum if the pattern is confirmed.

The next resistance for ADA is 0.61 USD, about 8% higher than the current level. If it surpasses this level, the price could advance to 0.73 USD, and if it maintains a daily close above 0.73 USD, the uptrend could extend to 0.93 USD or higher.

ADA Price Analysis | Source: TradingViewHowever, if the price falls below 0.49 USD, the bullish scenario will fail, opening up the possibility of a deeper correction.

In summary, the cryptocurrency whales are employing a selective buying strategy, focusing on projects with solid foundations, practical applications, and low volatility, amid the market waiting for important signals from the CPI report of America.

Mr. Giáo