Woofun AI data shows that unrealized profit ratios for all three ETH whale categories have turned negative for the first time since 2019. The 1,000 to 10,000 ETH group records -0.26, the 10,000 to 100,000 ETH group sits at -0.21, and addresses holding over 100,000 ETH show -0.05. This condition has persisted for several weeks, contrasting with the 2022 bear market when the largest holders remained profitable. Analyst Darkfost noted that historical patterns suggest such tests of whale conviction often coincide with bottoming zones, though Ethereum has shown resilience thus far.