Bitcoin and Ethereum Whales Accumulate as CLARITY Act Vote Remains in Focus

• Bitcoin and Ethereum whales, XRP whales, and crypto whales continue Bitcoin accumulation as investors await the CLARITY Act vote
• CryptoQuant says the market is in a late-stage bear phase, where large investors continue accumulating despite weak retail activity
• The CLARITY Act remains a key catalyst, with analysts split on whether its outcome will significantly impact the crypto market

Bitcoin and Ethereum whales are quietly accumulating, increasing their holdings in a new scenario. Despite the current market weakness, CryptoQuant data has found new insights, showing large holders of Bitcoin, Ethereum, and XRP are continuing this accumulation trend. This development is more surprising as the crypto market is currently battling obstacles related to the passing of the highly anticipated Clarity Act. The trend suggests major investors continue positioning for the long term despite the looming regulatory uncertainty, expressing their confidence in the broader digital asset market.

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Bitcoin and Ethereum Whales Continue to Accumulate

The latest data from CryptoQuant has ended up delivering some interesting insights. To begin with, the data states how Bitcoin and Ethereum whales are continuing to increase their holdings. Alongside that, XRP whales are also accumulating at the moment, indicating continued activity from large holders despite the current market uncertainty. The analytics firm described the current market phase as a late-stage bear market. This phase is marked by large investors typically accumulating assets while larger retail intentions remain largely subdued.

Bitcoin whale holdings have hit $3.06M BTC as whales accumulated after the asset price fell to $60K. At the same time, wallets holding between 10,000 and 100,000 ETH have added nearly 1.8M ETH since 2025. Per the report, the rapid Bitcoin accumulation trend began when the asset’s price fell below $60K

Per CryptoQuant, crypto whales are increasing their assets consistently, despite weak trading volumes and cautious market sentiment. Historically, such phases have often been marked by periods of stronger market activity that emerged later, once this period of lagging activity ended.

The latest on-chain data was also quick to show XRP whale activity. XRP crypto whales have also been busy accumulating the asset. This development suggests large XRP holders continue increasing their exposure despite the broader market uncertainty.

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Accumulation Despite Clarity Act Approval Odds

While Bitcoin and Ethereum whales continue to accumulate, investors are also closely tracking developments associated with the passing of the Clarity Act. Senator Cynthia Lummis, in her latest interview, shared a new update about the act. She later shared how she expects the bill to pass before the August recess.

“I don’t think we’ll be leaving on Friday. I think we’ll go into the weekend. And there are other bills, in addition to the Clarity Act, that we need to take votes on before we leave for the August recess. And Clarity is one of those bills. So I do believe that we will get a vote on the Clarity Act and get people on the record. After 11 months of negotiating with Democrats and adding 300-plus pages to the bill at their request, it’s just time to get people on the record.”

Senate Races to Vote Before August Recess: Does Passing Of The Bill Matter For The Cryptocurrency Market?

There are two prominent narratives currently gaining momentum in the present crypto market. Firstly, analysts have warned how failure to pass the Clarity Act could trigger a short-term negative reaction across Bitcoin and the broader cryptocurrency market. Leading firms like Bernstein have warned how the act, if not approved, could weigh on market sentiment and slow institutional adoption in particular. Bernstein warns Clarity Act failure could spark another crypto selloff.

However, one other opinion is gaining immense ground at the moment. Former CFTC Chair Christopher Giancarlo added that the crypto market may continue to innovate, with or without the passing of the Clarity Act.

“Perhaps it’s time to stop making such a big deal out of Clarity. The industry is running around saying we need clarity; we need clarity. Yeah, we do. But the internet is still happening, and there’s never been an authorizing statute 30 years later. If we don’t get clarity, innovation goes on.”

At the same time, Polymarket now puts the odds of the CLARITY Act passing at just 16%, showing that the market believes the chances of the bill being approved are slim.

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