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

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 11 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 18 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 22 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 25 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 29 days ago

    • You need to login to comment.