Data Shows Long-Term ETH Holders Remain Steadfast
Data from Glassnode reveals that long-term Ethereum (ETH) holders are holding onto their positions, while whale investors are not accumulating as much as before.
Long-Term Holders Continue to Hold ETH
According to Glassnode, the amount of ETH supply last active between 7-10 years ago has reached an all-time high of over 5.3 million ETH. This indicates that these long-term holders are not selling their positions in the cryptocurrency.
Whale Interest in Ethereum Declines
The number of addresses holding 1,000+ ETH coins has dropped to a five-year low of just over 6,000. This suggests that whale interest in the Ethereum protocol is currently lower than it has been for most of the past five years.
Significant Decrease in Whales Accumulating ETH
The number of addresses holding 10,000+ ETH has fallen to a two-year low of just over 1,000. This further confirms that whales have lost significant interest in accumulating large quantities of ETH.
Conclusion: Long-Term Holders Remain Strong, Whales Lose Interest
In summary, the data shows that long-term holders are keeping their Ethereum close after experiencing substantial gains. However, whales and heavyweight investors have shown diminished interest in this specific protocol for the time being.
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