Bitcoin Weakens, Crypto Traders Start Buying These 3 Altcoin!

Jakarta, Pintu News – Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- price failed to break the $85,000 mark for over a week as the crypto fear and greed index plummeted to extreme fear levels.

Volatile price movements have led to massive outflows from spot Bitcoin ETFs by institutions this week. However, while Bitcoin experienced steady outflows, investors actively accumulated three altcoins.

With the entry of institutional giants, increased media attention, and increasingly clear regulations, could 2025 be the moment of crypto renaissance? Here’s what the experts have to say.

Top 3 Altcoins Investors Buy as Bitcoin Price Weakens

Crypto investors are starting to turn to altcoins for profit as Bitcoin price is still struggling to reach its highest level.

Read also: Bitcoin Holds Strong at $82,800 Today (March 19, 2025) – Poised for a Surge to $89K or a Drop to $77K?

CryptoQuant’s CEO stated that the Bitcoin bull market is over and warned that the asset may experience a bearish trend over the next 6 to 12 months.

Renowned analyst, Julio Moreno, also noted that US-based ETFs have recorded negative outflows for five consecutive weeks. This suggests a lack of interest from institutions.

However, amidst Bitcoin’s uncertainty, three altcoins experienced a significant spike in outflows from exchanges, signaling that investors are accumulating these assets in hopes of making a profit. Which altcoins have caught the attention of crypto investors today? Check out the full story!

Ethene (ENA)

One of the altcoins being collected by traders is Ethena ENA->Current ENA PriceRp 0Market Cap-Trading Volume-Circulating Supply-, which has seen a 21% drop in the past month.

However, ENA outflows from exchanges have increased by more than 66%, indicating that investors have no intention of selling this asset.

The main reason investors are accumulating ENA is the recent partnership between Ethena Labs and Securitize. These two institutions have launched the layer-1 blockchain Converge, which aims to combine traditional finance with decentralized finance DEFI->Current DEFI PriceRp 0Market Cap-Trading Volume-Circulating Supply-.

Read also: Ethena Labs & Securitize Launch Blockchain Converge for Crypto Revolution

Investors expect that this launch will drive a bullish outlook for ENA prices. As of March 18, 2025, ENA has also formed a rounding bottom pattern, and if it manages to break the Rp21,906 ($1.32) level, the price of ENA has the potential to surge 560% to Rp145,640 ($8.80).

Mantra (OM)

Crypto traders also started accumulating Mantra OM->Current OM PriceRp 0Market Cap-Trading Volume-Circulating Supply- after outflows from exchanges surged 53% in the last 24 hours.

Mantra is one of the few altcoins that have survived the bearish trend in the overall crypto market. As of March 18, OM was trading at IDR116,522 ($7.04) after experiencing a 12% gain in the past week.

The RSI indicator on the token’s daily chart has risen to 55, while the volume histogram shows increased buying pressure. Having successfully broken the 61.8% Fibonacci level, Mantra is now targeting a further rally to the 123.6% Fibonacci level at IDR174,232 ($10.53).

Maker (MKR)

The Maker price MKR->Current MKR PriceRp 0Market Cap-Trading Volume-Circulating Supply- on Tuesday (18/3) was trading at IDR20,227,100 ($1,222) with a slight increase of 1.2%.

The outflow of MKR tokens from exchanges increased by 51% in the last 24 hours, indicating that investors are starting to move these assets for long-term storage.

Read also: YZi Labs Supports Plume Network: The Future of Real-World Assets on Blockchain!

Maker has attracted attention since rebranding to Sky, as part of its expansion in the DeFi industry. The RSI indicator on Maker’s daily chart is also showing a bullish signal after surpassing the signal line.

If the RSI rises above the 50 level, this will confirm a change in momentum to a bullish direction, which could push MKR’s price prediction higher.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. 3 Altcoins Investors Are Actively Accumulating Despite Bitcoin’s Chop. Accessed on March 19, 2025