All categories of Ethereum whale groups are in a state of loss, which may indicate a mid-term bottom

According to analyst Darkfost, Ethereum's continued pullback has put immense pressure on holders, with the unrealized profit margins of all categories of whale groups now turning negative. Historically, this state of pressure often signals a mid-term bottom. Among them: the unrealized profit margin for whales holding 1k - 10k ETH is -0.21; for whales holding 10k - 100k ETH, it is -0.18; and for whales holding 100k+ ETH, it is -0.08. Darkfost stated that considering Ethereum's price has not even dropped back to last April's low, this is indeed a rather surprising development. If Ethereum's price continues to decline, these whales may find themselves in serious trouble and could even be forced to capitulate and sell off their large holdings of Ethereum.