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Ether May See A Spike In Price Thanks To High Percentage Of Supply In Profit
Summary: The percentage of Ether supply in profit is holding steady at 80%, recent data from glassnode shows. Supply in profit is the percentage of Ether whose price when it last moved on chain is less than the current price. Meaning that owners could sell their Ether for profit. The last time Ethereum's supply in profit ...
The percentage of Ether supply in profit is holding steady at 80%, recent data from glassnode shows.
Supply in profit is the percentage of Ether whose price when it last moved on chain is less than the current price. Meaning that owners could sell their Ether for profit.
The last time Ethereum's supply in profit was above 80% Ether was priced near $700. This is the third time this year Ether has tested the 80% level. At the time of writing, Ether is trading at $241.
By Emily Mason
Tags: ETH,Ether
Link: Ether May See A Spike In Price Thanks To High Percentage Of Supply In Profit [Copy]
