Summary
- According to on-chain analytics platform Glassnode, selling activity by Ethereum long-term holders has recently increased.
- It reported that since August, ETH prices have moved from a peak into a retracement phase, and realized selling by long-term investors has noticeably increased.
- It said the recent 90-day daily average selling volume of long-term holders exceeded 45,000 ETH, the highest level since February 2021.
An analysis found that Ethereum (ETH) has seen a noticeable increase in selling activity by long-term holders since the late-August peak.
On the 14th, on-chain analytics platform Glassnode said via X (formerly Twitter), "Since ETH peaked in August and prices entered a retracement phase, an increase in realized spending by long-term investors has been observed."
Glassnode said, "The daily average selling volume (daily average spending) of long-term holders who have held ETH for 3~10 years recently exceeded 45,000 ETH per day on a 90-day basis." This is the highest level since February 2021.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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