Analysis: Ethereum whales are overall at a floating loss, which may form a mid-term bottom

BlockBeats News, February 20, CryptoQuant analyst Darkfost stated, "Ethereum whales are under pressure, and this round of ETH correction is affecting all investors. Currently, the unrealized profit ratio of Ethereum whales has turned negative:

· Holding 1,000–10,000 ETH: -0.21

· Holding 10,000–100,000 ETH: -0.18

· Holding more than 100,000 ETH: -0.08

If ETH declines further, these whales may face even greater pressure and could be forced into capitulation selling of their large holdings. However, at present, ETH is still maintaining stability within a key range, and historically, similar periods of pressure have often coincided with the formation of mid-term bottoms.