The current flow of the crypto market is very interesting. According to on-chain data analysis firm CryptoQuant, Bitcoin, Ethereum, and XRP whales have been steadily accumulating assets recently. This movement is typically a classic signal seen in the later stages of a bear market, showing that long-term investors are gathering supply at the bottom in preparation for the next cycle.

On the other hand, the sentiment in traditional financial channels is quite different. According to recent reports, Grayscale’s XRP Trust ETF sold off a massive $180 million worth of XRP during the first half of this year, driven by investor redemption demands and price declines.

Ultimately, the disparity between smart money whales quietly accumulating for the long term and the institutional and retail investors exiting ETFs due to short-term volatility is becoming quite clear. While there may be further price fluctuations before the market bottom is fully solidified, looking at the movements of the big players, I suspect the energy for the next bull cycle is slowly building from the bottom up. It’s definitely a point worth watching to see if this whale accumulation continues. haha

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