Ethereum Whale Unrealized Profits Turn Negative Amid Pullback, Analyst Says

Ethereum whales holding 1,000–10,000 ETH, 10,000–100,000 ETH and over 100,000 ETH now show unrealized profit margins of 0.21, 0.18 and 0.08 respectively, CryptoQuant analyst Darkfost said on Feb. 20. The negative margins indicate mounting stress across large holders that could trigger fire sales if ETH falls further, Darkfost noted. He added that ETH remains within a key trading range and that historically similar pressure phases have aligned with intermediate-term market bottoms.