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All Ethereum whales are currently in unrealized loss, the first such occurrence since 2019.

2026.06.26 14:41:03

CryptoQuant analyst Darkfost reports that all Ethereum whale groups are currently in unrealized losses, covering three cohorts: holders of 1,000–10,000 ETH (-0.26), 10,000–100,000 ETH (-0.21), and those with over 100,000 ETH (-0.05). This is the first time such a scenario has occurred since 2019; even during the 2022 bear market, the largest whale cohort remained profitable. Data shows the whales’ unrealized profit margin has turned negative and stayed that way for several weeks. Darkfost notes this situation tests the whales’ conviction, and historically, such a condition often signals a market bottom.

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