BlockBeats News, February 20th, CryptoQuant analyst Darkfost stated, “Ethereum whales are under pressure, and the current ETH pullback is affecting all investors. Currently, Ethereum whales’ unrealized profit/loss has turned negative:
· Holding 1,000–10,000 ETH: -0.21
· Holding 10,000–100,000 ETH: -0.18
· Holding 100,000 ETH or more: -0.08
If ETH continues to decline, these whales may face even greater pressure and may even be forced to capitulate by selling 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 midterm bottoms.”
