A recent analysis by a crypto data firm suggests that major investors are increasing their holdings in Bitcoin, Ethereum, and XRP, indicating a possible end to the prolonged market downturn.
The latest report from CryptoQuant, titled “Buying the Bear: A Signal of the Bear Market’s Final Stage,” delves into the recent accumulation trends observed among the largest wallets in the crypto space.
According to the firm, whales (large investors) have been increasing their positions in the key cryptocurrencies, a behavior often associated with the final phase of a bear market.
“Smart money is strategically positioning themselves in the major cryptocurrencies. Bitcoin whales are actively accumulating, with whale holdings (excluding exchanges and mining pools) reaching around 3.06 million BTC. This accumulation intensified as the price dipped below $60,000 in June, although it is still below the peak seen during the 2025 bull cycle,” the report states.
On the other hand, XRP whales are strategically positioning themselves while maintaining spot order sizes in the “big whale” range. Ethereum’s large holders are also accumulating during the bear market, with the 10k–100k balance cohort reaching record highs and mega-whales with balances exceeding 100k adding significantly to their holdings.
The report highlights that valuations of these cryptocurrencies are approaching undervalued levels, with Bitcoin and XRP trading near their realized prices and Ethereum below its historical norms, indicating potential opportunities for investors.
Despite the positive outlook, CryptoQuant cautions that there could still be further downside in the crypto markets before a definitive bottom is established.
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