Darkfost: Unrealized profit margins for ETH whales at all levels have turned negative
According to Odaily, analyst Darkfost posted on X that the unrealized profit margins of ETH whales at all levels have now turned negative:
- Whales holding 1,000 to 10,000 ETH: -0.21
- Whales holding 10,000 to 100,000 ETH: -0.18
- Whales holding more than 100,000 ETH: -0.08
Although the price of ETH has not yet reached the lows seen in April, this situation has already occurred. If the price of ETH declines further, these whales may face significant pressure and could be forced to liquidate and sell large holdings. Currently, the price of ETH remains stable, and periods when large holders are under pressure often coincide with the formation of mid-term bottoms.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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