ETH’s three major whale groups all fall into losses for the first time since 2019

Odaily reported that according to monitoring by CryptoQuant analyst Darkfost, ETH whales have fallen into losses for the first time since 2019. Even during the 2022 bear market, the largest whales holding over 100,000 ETH managed to remain profitable. Currently, the unrealized profit ratios for all three whale groups are negative: -0.26 for the range of 1,000 to 10,000 ETH, -0.21 for 10,000 to 100,000 ETH, and -0.05 for addresses holding over 100,000 ETH. This situation has persisted for several weeks.

Darkfost noted that, historically, when the ETH market tests the conviction of whales, it often simultaneously forms a bottoming zone. Ethereum has demonstrated considerable resilience so far.