BlockBeats news, on February 20, CryptoQuant analyst Darkfost stated, "Ethereum whales are under pressure; this pullback in ETH is affecting all investors. Currently, the unrealized profit margin of Ethereum whales has turned negative:"
· Holding 1,000–10,000 ETH: -0.21
· Holding 10,000–100,000 ETH: -0.18
· Hold 100,000 or more ETH: -0.08
If ETH declines further, these whales may face increased pressure, potentially forcing them to engage in fire sales of their large positions. However, ETH remains stable within a key range for now, and historically, similar periods of pressure have often coincided with the formation of intermediate-term bottoms.

