CryptoQuant Points Out Accumulation of Bitcoin, Ethereum, and XRP by Whales
Analysts at CryptoQuant have noted that large holders, or "whales," of Bitcoin, Ethereum, and XRP are accumulating these assets amid price pressure. Julio Moreno, head of research, stated that major holder groups are increasing their reserves while prices trade near or below their realized price. This behavior reduces selling pressure and resembles a final bear market phase.
Bitcoin whale balances (excluding exchanges and mining pools) have risen to approximately 3.06 million BTC from a low of around 2.87 million in December 2025. The 30-day increase in whale balances has remained positive for most of 2026, with accumulation accelerating in June when Bitcoin's price approached $60,000.
For Ethereum, the trend is mixed. Wallets holding 10,000 to 100,000 ETH have accumulated to a record 19.6 million ETH, while those with 1,000 to 10,000 ETH have reduced holdings from 15.6 million to 12.9 million ETH this year. Wallets with over 100,000 ETH increased their balance from 2.6 million to 4.6 million ETH. Moreno described this as capital concentration during a bear market.
XRP whale activity is less direct, with large spot orders present in the $1-$1.2 range, but cumulative volume delta appears neutral, suggesting accumulation through absorbing supply rather than aggressive buying.
Key current prices versus realized prices are: Bitcoin at ~$64,640 (realized $52,900), Ethereum at $1,900 (realized $2,450), and XRP at $1.1 (realized $0.75). Moreno noted the risk-reward ratio has declined, and while the model allows for another downside wave, accumulation by strong holders is a positive factor for when demand recovers.
cryptonews.ru08/06 11:14
