Tezos (XTZ) Surges 112% in a Month Thanks to Whale Activity
Tezos investors have experienced a particularly profitable period recently, with a 112% increase in the XTZ price in just one month. This spectacular growth has been largely fueled by the awakening of network “whales,” those investors holding very large amounts of tokens. Let’s analyze this bullish surge and the outlook ahead.
Indeed, after a long period of calm, the major Tezos holders have resumed massive accumulation of XTZ tokens. This renewed activity has translated into a significant increase in the average order size in the spot market, a sign that large investors are dominating transactions.
Bullish Momentum Fueled by Derivatives
Investor enthusiasm for Tezos futures contracts has also strengthened in line with price growth. Open interest in these derivative products has jumped by 343%, while trading volume has increased 28-fold during this period. This influx of capital demonstrates the growing appetite for betting on continued price appreciation.
However, as prices skyrocketed, the temptation to take profits intensified. The net flow of XTZ tokens deposited on exchanges has reached an 8-month high, indicating that many investors are looking to monetize their positions.
Outlook for Tezos
Although Tezos has experienced a meteoric rise, supported by whale buying activity, some technical signals suggest that the bullish potential may be limited in the coming weeks.
Indeed, the overbought RSI on the 3-day chart coupled with significant liquidity to the north, according to the Volume Profile, indicate that XTZ could consolidate or rise more slowly in the coming days.
The massive liquidity zone between $1.15 and $1.41 will be crucial to overcome.
Thus, if whales maintain their accumulation momentum, Tezos could target $1.50-1.70 in the coming weeks. Nevertheless, the increasing profit-taking also represents a real threat, potentially bringing prices back toward $0.93.
Investors should therefore remain attentive to developments as we approach this strong resistance zone. According to some traders, XTZ could even climb to between $2.5 and $4 in 2025. However, XTZ may well consolidate or experience slower growth due to this resistance zone in the short term.
