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Analyzing holding patterns among Ethereum mid-term and long-term holders
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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 |
Read more on ambcrypto.comAbout this in other media
ASIC Chair Longo calls the growing demand for crypto ‘impossible to ignore’ cointelegraph.com /2 years ago
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Long-Term Bitcoin, Ethereum Holders Remain Confident, On-Chain Data Shows cryptonews.com /2 years ago
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