CW8900
The current losses among Ethereum whales are similar to previous bottoms.
$ETH whales are currently in a loss position. The magnitude of their losses is similar to previous bottoms. They haven't had a chance to take profits during this cycle, as they have continued to accumulate. This means the current price range represents the bottom for $ETH. They have the largest holdings ever, but haven't been able to take profits. Their target is the upcoming rally. They are still accumulating massive amounts in preparation for a bull market.