CryptoQuant Sees Whales Accumulating Assets Amid Bear Market

Bitcoin (BTC), Ethereum (ETH), and XRP whales have been accumulating their assets during recent market weakness, according to analytics firm CryptoQuant. The accumulation trend is a sign that the bear market may be nearing its end.

The largest wallets, excluding exchanges and miners, have increased their combined balance of Bitcoin to around 3.06 million BTC this year. This buying activity picked up pace after Bitcoin fell below $60,000 in June, but holdings remain below the 2025 cycle peak.

Ethereum's largest holders have also been accumulating, 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 continued increasing their positions despite fears and liquidations.