Nearly 97% of Ether Holders Are Profitable: What's Next?
The vast majority of Ether holders are now making profits, possibly leading to increased selling pressure on the cryptocurrency market.
Key Insights:
- Almost 97% of Ether addresses are now profitable, which could lead to increased sell-side pressure and slower price increases.
- Profit-taking in Ether is on the rise again, with a seven-day average reaching $553 million per day.
Ether’s recent market surge has resulted in a substantial rise in the profitability of Ether addresses, significantly impacting its price trajectory. According to analytics firm Sentora, 97% of Ether addresses are currently in the money. In layman’s terms, this means the average acquisition cost for these addresses is lower than the current market value of Ether, which stands at around $4,225.
Ether Addresses Profitability
Most ETH addresses are now in profit. (shahzairul/Pixabay)
This high percentage of profitable addresses suggests that if profit-taking accelerates, it could create a notable increase in selling pressure, hindering further price growth. Data from Glassnode illustrates that profit realization is already on the upswing, with the seven-day simple moving average revealing profit-taking of $553 million per day, peaking at $771 million in July.
Recent analysis indicates a shift in the composition of sellers; although long-term investors have realized profits similar to peaks observed in December 2024, it is primarily short-term holders driving the current surge in profit-taking.
For further reading, see Ether’s Possible Quick Fire Rally.
