3.06M BTC and 19.6M ETH Were Bought Into the Drop-Is Crypto's Next Squeeze Starting?

Whale accumulation is tightening Bitcoin and Ether supply

Bitcoin whale wallets now hold about 3.06 million BTC, up from 2.87 million BTC in December 2025, while Ethereum large holders reached a record 19.6 million ETH. According to CryptoQuant, that shift matters because large holders have been absorbing coins during weakness, which can reduce the amount of supply available in the market.

Why this pattern matters

CryptoQuant said whale buying accelerated after BTC fell below $60,000 in June. That is more significant than simple hold behavior during a slump. It suggests large buyers have been active while prices were still under pressure.

This is a setup to watch, not proof of a bottom. CryptoQuant has warned that further losses remain possible even as ownership concentrates and market float tightens. If demand improves, that tighter structure can amplify price moves. If selling resumes, the accumulation may delay damage but not necessarily stop it.