$ETH whales are underwater.



This hasn’t happened since 2019, even in 2022 the biggest whales, those holding more than 100,000 ETH, stayed in profit.

Today the 3 whale categories shown here are all at a loss. Their unrealized profit ratio is negative for each of these cohorts :

• 1k - 10k : -0.26
• 10k - 100k : -0.21
• 100k+ : -0.05

This dynamic has now been going on for several weeks but careful, we’re on a long timeframe here

Historically, when the ETH market came to test these whales’ conviction, a bottom zone was marked at the same time.

When I see this, I find that Ethereum has been fairly resilient so far.#Get2SharesOfSKHynixAtZeroCost
ETH-5.45%
ETH
ETHAIETH
MC:$2.55KHolders:1
0.00%
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