Bear Market End in Sight as Crypto Whales Step Up Accumulation
Large holders of Bitcoin (BTC), Ethereum (ETH), and XRP have been steadily accumulating their assets during recent market weakness, according to analytics firm CryptoQuant. The accumulation trend is often seen during the closing phase of a bear market.
The largest wallets holding BTC have expanded their combined balance to around 3.06 million BTC this year, with buying accelerating after Bitcoin fell below $60,000 in June. However, holdings remain below the 2025 cycle peak.
Ethereum's largest holders have shown an even stronger accumulation trend, with wallets holding between 10,000 and 100,000 ETH reaching a record of 19.6 million ETH. Addresses with more than 100,000 ETH have added about 1.8 million ETH since mid-2025, lifting their holdings by roughly 70%.
XRP's large holders have also continued to increase their positions despite fears and liquidations.