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 recent 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 could be forced to sell off large holdings in a capitulation. However, ETH is still holding steady within a key range, and historically, similar periods of pressure often coincide with the formation of medium-term bottoms."