Major holders of bitcoin, ethereum and XRP are increasing their positions amid pressure. CryptoQuant analysts have studied in detail the behavior of various groups of network participants. Julio Moreno, Head of research, noted an increase in inventories near the realized price. The balance of Bitcoin whales rose to about 3.06 million coins after the December low. The thirty-day increase in balance sheets remained positive for most of the current year. Accumulation accelerated noticeably in June with a decline in quotations to sixty thousand. This behavior of the holders reduces the overall pressure of active sellers. Researchers compare the current situation with the final phase of the bear market. Large players consistently absorb the supply of weaker participants. The open data of the blockchain allows you to study in detail the movements of large funds.

Wallets with a balance of ten to one hundred thousand ethereum were steadily accumulating the asset. This group brought its own reserves to a record 19.6 million coins. Holders of one to ten thousand coins simultaneously reduced their own positions. Their total balance decreased from 15.6 million to 12.9 million ethereum. The largest wallets with more than one hundred thousand coins have increased their total volume. Julio Moreno called this dynamic a typical accumulation of capital. Strong holders consistently absorb weak participants in a bear market. The concentration of assets significantly narrows the available volume of free coins. This factor will be a positive signal for the recovery of overall market demand. Researchers continue to analyze changes in the distribution structure of coins.

Major players are acting less straightforwardly in the XRP market. Spot order sizes remain in the large whale zone at current prices. The cumulative volume delta moved into the neutral zone against the background of accumulation. Bitcoin is currently trading at around $64,640 with a realized price of 52,900. Ethereum costs $1,900 against a realized price of $2,450. The risk-return ratio has decreased markedly since the beginning of the current cycle. Analysts admit the possibility of another wave of decline to confirm the bottom. Glassnode analysts also recorded a record-long phase of capitulation. Market participants carefully study the on-chain metrics published by independent researchers. The formation of a stable trend requires the emergence of additional macroeconomic catalysts.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.