Darkfost
ETH whales unrealized profit ratio : A bear market level !
The unrealized profit ratio among $ETH whales has dropped to levels not seen since the previous bear market. Ethereum is currently going through a difficult period. The ETH/BTC ratio continues to decline, and it's also facing a phase of rather intense FUD combined with very complex price action. It means that most of their position are back at the same level of profit as it was during the bear market despite a price twice higher today. Notably, the whale cohort holding between 1K and 10K Ethereum has even reverted to a negative unrealized profit ratio. Hard time for ETH holder.