CryptoQuant Analyst: Whales holding 10,000 to 100,000 ETH have reached an all-time high in unrealized profits since November 2021

ChainCatcher news, according to CryptoQuant analyst CryptoOnchain, the unrealized profits of medium-sized whales holding between 10,000 and 100,000 ETH have risen to levels seen during the historical peak in November 2021, when ETH reached its all-time high. This indicates that these whales are currently holding significant paper gains, similar to the situation during the last market peak.

Historical data shows that high levels of unrealized profits are often accompanied by increased selling pressure or profit-taking behavior, which can impact price trends. While it may not necessarily trigger an immediate market correction, the current stage of investor sentiment and whale behavior could have a significant influence on price volatility.