Whales Accumulate $3M BTC as CryptoQuant Signals Potential Market Bottom

Woofun AI reports that a distinct accumulation pattern has emerged across major digital assets, with large holders aggressively absorbing Bitcoin, Ethereum, and XRP supply as market valuations falter. This strategic positioning by whales is being interpreted by analytics firm CryptoQuant as a potential indicator of a forming market bottom, despite the prevailing bearish sentiment.

Bitcoin’s whale reserves, excluding exchanges and mining pools, have surged to nearly 3.06 million BTC, up from 2.87 million BTC recorded in December 2025. This accumulation accelerated significantly starting in June 2026, coinciding with the asset’s price drop below the $60,000 threshold. By early August, Bitcoin traded at $63,935, remaining well above its realized price of $52,900, which serves as a critical metric for estimating average acquisition costs on the blockchain.

Activity among large holders extended to altcoins, where wallets holding between 10,000 and 100,000 ETH reached a record 19.6 million Ether.

Additionally, addresses holding more than 100,000 ETH added approximately 1.8 million tokens since mid-2025. In the XRP spot market, average order sizes remained consistent with large whale activity while the asset traded between $1.00 and $1.20; the neutral reading of the 90-day taker cumulative volume delta suggests passive absorption rather than aggressive buying. Per Woofun AI, XRP traded at approximately $1.10 against a realized price of $0.75, while Ether was positioned at $1,858, trading below its estimated realized price of $2,450.

External research corroborates these on-chain signals, with 10x Research suggesting Bitcoin could confirm a transition out of the bear market if it achieves a sustained monthly close above $63,000. A report published by K33 on July 7 indicated that cycle lows are typically reached a few weeks after more than half of the circulating supply enters loss territory. These frameworks highlight the significance of tracking monthly closes, particularly for August 2026, to determine if current supply absorption establishes definitive support.

While CryptoQuant identifies increased whale balances during price contractions as a historical signal linked to market bottoms, the firm warns that the current context remains vulnerable to further downside corrections. This divergence between accumulation behavior and price stability suggests that while structural support may be forming, immediate volatility risks persist.