Ethereum Whales Face Negative Profit Margins

Ethereum’s recent price pullback has led to negative unrealized profit margins for major ETH holders, according to CryptoQuant analyst Darkfost. Whales holding between 1,000 and 10,000 ETH now face a margin of -0.21, those with 10,000 to 100,000 ETH are at -0.18, and holders of over 100,000 ETH are at -0.08. If Ethereum’s price continues to decline, these large holders may encounter increased financial pressure.