In the past week, the profit ratio of ETH supply reached 85.66%, a new low this year
According to data, the proportion of ETH supply in a profitable state (7DMA) reached 85.66% in the past week, which is the lowest point since November 2023. Three weeks ago, this figure reached 94%, but then experienced a significant decline, which may be partly due to the overall market sell-off during this period, causing the price of ETH to drop by more than 30%. According to the analysis, this further confirms the view that the current price of ETH is below the cost base of most buyers this year. However, it is worth noting that although this figure is at the lowest point of 2024, this does not necessarily mean that most ETH holders have been in a net loss position so far this year. (The Block)
