Ethereum holders have been subject to uncertainty over the last few months as bulls and bears have struggled for control. With the bears winning at a much higher rate than the bulls, Ethereum holders have found their holdings have continued to lose value. This time around, the plunge has sent the number of investors losing money to a new all-time high. Number Of Ethereum Addresses In Loss At ATH On-chain data tracker Glassnode Alerts on X (formerly Twitter) has revealed a shocking development regarding Ethereum addresses. According to the tracker, the number of addresses seeing losses on a 7-day moving average (MA) has jumped to its highest level ever. Related Reading: Ethereum Founder Vitalik Buterin Reveals The Challenges Of The Network This metric takes note of the price at which the ETH coins being held on addresses were last moved. Then it is compared to the current price of the altcoin to figure out if the addresses are seeing gains or losses. The metric had been rapidly climbing in 2023 due to the bear market, culminating ..
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