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Home›Crypto›Market Structure›CryptoQuant says whales are accumulating bitcoin, ethe…

CryptoQuant says whales are accumulating bitcoin, ether and XRP

CryptoQuant linked the whale buying to a potential late stage of the current bear market, even as prices remain under pressure.

Reported · Written up by our desk · Market Structure

CryptoQuant said large holders, often referred to as whales, are accumulating bitcoin, ether, and XRP while crypto prices remain under pressure.

According to The Block, CryptoQuant’s assessment is based on whale activity in these assets and is framed as a sign of a potential late stage in the bear market.

The outlet reported that the accumulation is occurring across the three major tokens rather than being limited to a single coin.

Latest closeBitcoin $64,897.70 ▲1.3%|XRP $1.070 ▼0.3%

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Sources

The BlockCryptoQuant says bitcoin, ether and XRP whales are accumulating, signaling a ‘late-stage bear market’

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