Express

New Metrics Suggest HODLing Sentiment Among Ethereum Users

Emily Mason

Summary: Ethereum's active supply — the supply that last moved between three and six months ago — reached a 19-month low on Monday, July 20, according to Glassnode data. This suggests that more users are holding on to their Ethereum rather than trading it. The number of exchange deposits has seen a significant increase over the past ...

Ethereum's active supply — the supply that last moved between three and six months ago — reached a 19-month low on Monday, July 20, according to Glassnode data.

This suggests that more users are holding on to their Ethereum rather than trading it. The number of exchange deposits has seen a significant increase over the past 24 hours. 

These record metrics come as Etheruem's mining difficulty decreased by 8.1% earlier in the day.

By Emily Mason

Last Update:

Tags: ,,
Link: New Metrics Suggest HODLing Sentiment Among Ethereum Users   [Copy]
Next:

Related Articles

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 8 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 7 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 8 days ago

    • You need to login to comment.