On-chain data analysis platform CryptoQuant has reported that investors known as “whales,” who hold large amounts of assets in Bitcoin (BTC), Ethereum (ETH), and $XRP, have recently increased their holdings. According to the company, this trend indicates that the cryptocurrency market may be approaching the final stage of its long-running bear cycle.
According to an analysis shared by CryptoQuant, it has been noted that historically, a significant indicator is when large investors buy rather than sell during periods of continued price decline. Similar movements have been observed in past market cycles when long-term investors believed prices had reached attractive levels.
However, the analytics firm emphasized that the current data alone is not sufficient to confirm the market bottom. According to CryptoQuant, while whales buying is considered a positive signal, Bitcoin, Ethereum, and $XRP prices may fall further before a bottom formation is finalized. Therefore, investors should be cautious about short-term fluctuations.
en.bitcoinsistemi.com