Ethereum whale wallets trim over 1,000 ETH positions as price slips below $2,000 in early 2026

In January and February 2026, Ethereum whale wallets holding more than 1,000 ETH reduced their balances by up to 1.5% while the broader crypto market weakened. ETH dropped to $1,949.35 and open interest fell to $10.19B, leaving some recent buyers in unrealized loss territory as leverage declined and accumulation shifted toward smaller wallets.