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Bitcoin Whales Signal Possible Bear Market Bottom

CryptoQuant said Bitcoin whale balances rose to 3.06 million BTC, while Ether wallets held a record 19.6 million ETH as holders absorbed supply.

  • CryptoQuant reported that Bitcoin, Ether, and XRP whales increased balances during recent market weakness, with large holders absorbing supply ahead of a potential bottom.
  • Bitcoin whale balances rose to about 3.06 million BTC from 2.87 million in December 2025, accelerating after the price dropped below $60,000 in June.
  • Ether wallets holding 10,000 to 100,000 ETH reached a record 19.6 million ETH, though the token trades around $1,900 against a realized price of roughly $2,450.
  • Large XRP holders kept buying as the token traded between $1 and $1.20, maintaining what CryptoQuant classifies as "big whale" category order sizes, while neutral 90-day volume data suggests passive absorption.
  • The firm cautions that current valuations leave room for one more leg lower before a floor is confirmed, despite Bitcoin trading above its $52,900 realized price.
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Cointelegraph broke the news in New York, United States on Wednesday, August 5, 2026.
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