🐋 ETH whales have slipped into unrealised losses for the first time since 2019.


Wallets holding 1K–10K ETH, 10K–100K ETH, and even 100K+ ETH are now underwater, signalling mounting pressure across large holders.
Historically, whale losses have coincided with major market bottoms, but macro conditions, ETF flows, and derivatives activity will determine whether ETH finds support or faces further capitulation.
ETH1.69%
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