Bitcoin, Ethereum and XRP Whales Keep Accumulating
An analytics firm has reported that large Bitcoin, Ether, and XRP holders have continued their accumulation efforts despite the recent market dip. This week, the business released a paper titled “Buying the Bear: A Signal of the Bear Market’s Final Stage” that examined the biggest wallets’ recent accumulation. This pattern of continuous buying is typical of the last stages of a bear market. Significant Bitcoin holders’ wallets saw a cumulative increase of almost 3.06 million BTC this year, excluding exchanges and miners. Despite total holdings still falling short of the 2025 cycle top, buying activity accelerated after Bitcoin fell below $60,000 in June.
A strong accumulating trend was observed among the most prominent holders of Ethereum. The record high for wallets holding 10,000–100,000 ETH was 19.6 million ETH. There has been a 70% growth in the holdings of addresses with 100,000 ETH or more since mid-2025, when their total grew by nearly 1.8 million ETH. There was a change in the accumulating tendency compared to how smaller Ethereum holdings behaved. A growing gap has opened up between the biggest and smaller holders, as wallets outside of the top groupings have reduced their total balance by around 2.7 million ETH since January, according to the source.
Large holders continually supplemented their positions despite prevailing worries and liquidations, causing a similar change in XRP. All three assets have been recently accumulating as they are trading near substantial realised price levels. Since it gives an approximation of the average acquisition cost endured by holders, realised price is an essential metric for assessing market cycles. Ether traded hands near 1,920 versus a realised price of approximately 2,450, and Bitcoin was trading around 65,000 opposed to a realised price of about 52,900.
The business characterised the levels of XRP’s trading near $1.04 and its realised price of about $0.75 as signs of late-stage bear market circumstances. Whale accumulation and prices trading close to realised values coincide, according to the source, with the bear market’s ending phase. Prior to the confirmation of a market bottom, the business suggested that additional downside might still be possible.
