CryptoQuant analyst Darkfost said all three major whale cohorts are now in negative unrealized profit, the first such stretch since 2019, while older Ether wallets transferred 37,806 ETH.
Large Ethereum holders are broadly underwater for the first time since 2019, with CryptoQuant analyst Darkfost saying all three whale cohorts holding more than 1,000 ETH now have negative unrealized profit ratios. He cited losses of -0.26 for wallets holding 1,000-10,000 ETH, -0.21 for 10,000-100,000 ETH, and -0.05 for 100,000+ ETH, and said the condition has persisted for several weeks. At the same time, older Ether wallets moved 37,806 ETH, suggesting mixed sentiment among large holders as dormant wallets became active while long-duration whale positions slipped into paper losses. Darkfost said similar conditions have historically marked bottom areas.