IntoTheBlock: 61% of ETH Holders Are Currently Profitable
Article is form Jinse
September 16, 2024
This article is translated by ChatGPT Show original
According to Golden Finance, IntoTheBlock revealed that the percentage of profitable ETH holders dropped to a low of 46% during the recent bear market. In comparison, after the 2017 cycle, this percentage fell to just 3%.
This contrast demonstrates that the current Ethereum cycle exhibits greater resilience. Even during economic downturns, many holders remain profitable, reflecting stronger confidence in ETH's long-term value.
During the 2019/2020 period, the number of profitable ETH addresses fell to below 10%. While a similar situation could cause the bear market to return to lows, the current market suggests any dip may not be as severe.
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