ETH Whale Unrealized Profit Margins Turn Negative Across All Holding Tiers

Analyst Darkfost said on X that unrealized profit margins for Ethereum whale addresses have turned negative across all tracked tiers, with holders of 1,000 to 10,000 ETH at 0.21, those holding 10,000 to 100,000 ETH at 0.18, and wallets controlling over 100,000 ETH at 0.08. The shift occurred despite ETH's current price remaining above its April low. Darkfost noted that further declines could pressure large holders to liquidate portions of their positions, adding that ETH is trading in a stable range and stress on major holders often coincides with medium-term price bottoms.