BlockBeats News, June 26th, CryptoQuant analyst Darkfost stated that the Ethereum whale group is now entirely in an unrealized loss position, including three categories: 1k-10k ETH (-0.26), 10k-100k ETH (-0.21), and 100k+ ETH (-0.05). This is the first occurrence since 2019, where even during the 2022 bear market, the largest whale group remained profitable.

Data shows that the whale's unrealized profit ratio has turned negative and has been negative for several weeks. Darkfost believes that this situation tests whale conviction, which has historically often signaled the bottom area.