Analyzing holding patterns among Ethereum mid-term and long-term holders
As the market moved into the red zone for the day, Ethereum continued to remain in the green. In fact, Ethereum’s rise has been quite contained as opposed to many other altcoins that did not display a systematic rally. This could be one of the reasons why Ethereum holders are behaving the way they are at the moment.
On-chain data is currently displaying 3 to 6 months old ETH in negative amounts, while the 6 to 12 month old supply is presently sitting at a 5-year high.
Ethereum mid-term supply | Source: Glassnode – AMBCrypto
Moreover, the 1 to 3 months old, and 1 to 2 years old supply have all increased. This is indicative of the fact that Ethereum investors are continuously HODLing throughout this bull rally.
Ethereum 1 – 3 month old supply |
Read more on ambcrypto.com
