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4SpeculativeProgressed· since 2026-06-25Jun 26, 2026

All Ethereum Whale Cohorts Underwater for First Time Since 2019

An analyst identified that all three major Ethereum whale cohorts have fallen into unrealized losses simultaneously for the first time since 2019. The data point was published alongside reporting of a whale holding 120,000 ETH with over $77 million in unrealized losses adding $8 million in additional margin.

Analysis finds all three major ETH whale categories have fallen into loss, the first time since 2019, extending the unrealized loss story for large ETH holders.

Story timeline · 3 days

  1. Jun 26, 20264· this story
    All Ethereum Whale Cohorts Underwater for First Time Since 2019

    Analysis finds all three major ETH whale categories have fallen into loss, the first time since 2019, extending the unrealized loss story for large ETH holders.

  2. Jun 25, 20264
    Ethereum Whale Holds $77M Unrealized Loss on 120,000 ETH Long; Adds $8M in Margin

    The large ETH long whale added $8M in margin as unrealized losses grew to $77M, extending prior large ETH position tracking.

  3. Jun 23, 20265
    Large ETH Short Position of $39.64M Opened On-Chain

Sources · 1