[CryptoQuant: Whales Continue Accumulating BTC, ETH, and XRP, Bear Market May Be in Final Stage] According to The Block, CryptoQuant's Head of Research Julio Moreno stated that large crypto holders are accumulating Bitcoin, Ethereum, and XRP, indicating that the bear market may have entered its final stage, though the bottom has yet to be confirmed, and prices could still decline further. Moreno pointed out that when prices approach or fall below the realized price, large holders are increasing their positions, reducing downward pressure. The Bitcoin whale balance (excluding exchanges and mining pools) has risen from 2.87 million BTC in December 2025 to approximately 3.06 million BTC, though still below the bull market peak of 3.23 million BTC in 2025. For Ethereum, addresses holding between 10,000 and 100,000 ETH have continued to accumulate, reaching a record 19.6 million ETH, while the group holding between 1,000 and 10,000 ETH has decreased from 15.6 million to 12.9 million ETH.