Analysis: Ethereum Whale in Overall Unrealized Loss, Likely Forming Mid-Term Bottom

February 20th, CryptoQuant analyst Darkfost stated, "Ethereum whales are under pressure, and the ETH's current pullback is affecting all investors. Currently, Ethereum whales' unrealized profit ratio has turned negative:· Hold 1,000–10,000 ETH: -0.21· Hold 10,000–100,000 ETH: -0.18· Hold 100,000 ETH or more: -0.08If ETH continues to drop, these whales may face even greater pressure, potentially being forced to capitulate and sell off their large holdings. However, currently ETH is still maintaining stability in a key range, and historically, similar pressure phases have often been accompanied by the formation of a midterm bottom."