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XRP, Bitcoin Whales Accumulate as CryptoQuant Flags Late Bear Market

By Decrypt · Summarized & edited by · 2026-08-06
XRP, Bitcoin Whales Accumulate as CryptoQuant Flags Late Bear Market

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Why it matters: Accumulation by whales across three of crypto's largest assets near or below cost basis historically precedes cycle reversals, but the on-chain absorption is happening without chart confirmation: XRP is still pinned below a death cross at $1.05 with neutral order flow. For traders, a daily close above the 200-day EMA near $1.12 is the trigger that would validate the bottoming thesis; until then, the structure reads as a coiled base rather than a confirmed turn.

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