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

GateUser-6433627c · 2026-02-20T10:01:55+00:00

Ethereum whales are facing pressure, with unrealized profit margins turning negative. If ETH declines, it could trigger a sell-off. Currently, ETH remains stable, and past periods of pressure have typically been accompanied by the formation of medium-term bottoms.

GateUser-6433627c

2026-02-20 10:01:55

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On February 20th, CryptoQuant analyst Darkfost stated, “Ethereum whales are under pressure, and this round of ETH correction is affecting all investors. Currently, the unrealized profit rates of Ethereum whales have turned negative: · Holding 1,000–10,000 ETH: -0.21 · Holding 10,000–100,000 ETH: -0.18 · Holding over 100,000 ETH: -0.08 If ETH continues to decline, these whales may face greater pressure and even be forced to capitulate by selling off large holdings. However, ETH is currently remaining stable within a key range, and historically, similar periods of pressure often coincide with the formation of medium-term bottoms.”

ETH1,16%

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