Cryptocurrency market cycle and whale accumulation patterns

Crypto whales accumulate as bear market nears late stage: CryptoQuant

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K33 reported that Bitcoin historically reaches cycle lows after half of its supply is held at a loss.

According to a report from K33 on July 7, Bitcoin has historically reached its cycle lows within weeks of a specific condition being met: when more than half of its circulating supply was held at a loss.

Bitcoin accumulation accelerated after the price dropped below $60,000.

In June 2026, Bitcoin accumulation accelerated after the price of the asset dropped below $60,000.

According to blockchain analytics firm CryptoQuant, rising whale balances during periods of price weakness can reduce available supply and concentrate ownership among larger holders. This pattern of large cryptocurrency holders accumulating Bitcoin and Ether was noted as valuations approached levels associated with the final stage of a bear market.

Bitcoin whale holdings rose from 2.87 million BTC in December 2025.

In December 2025, Bitcoin whale holdings, which exclude exchanges and mining pools, were reported to have risen from 2.87 million BTC.

According to blockchain analytics company CryptoQuant, large cryptocurrency holders have been accumulating Bitcoin and Ether as valuations approach levels associated with the final stage of a bear market. It was noted that rising whale balances during periods of price weakness can reduce available supply and concentrate ownership among larger holders.

Large ETH wallets added roughly 1.8 million ETH since mid-2025.

Since mid-2025, wallets holding more than 100,000 ETH have added approximately 1.8 million ETH to their holdings.

According to data from CryptoQuant, large cryptocurrency holders have been accumulating both Bitcoin and Ether as market valuations approach levels linked to the final stage of a bear market.