Ethereum Buyers Signal End of Bear Market as On-Chain Data Points to Turning Tide

A surge in Ethereum (ETH) buying activity among large investors may signal that the current bear market is nearing its end, according to on-chain data and ETF flows. An OTC whale purchased another 10,000 ETH worth $19.1 million in a single day, following a $52 million purchase two weeks earlier.

The 10K-100K ETH cohort added 5.6 million ETH since mid-2025, growing from 14 million to 19.6 million ETH. Mega-whales holding 100K+ ETH also saw net inflows of 1.8 million ETH over the same period.

CryptoQuant analysts noted that large holder accumulation across ETH, BTC, and XRP signals the bear market is likely in its final stage. However, they cautioned that valuations leave room for one more leg lower before a floor is confirmed.