Ethereum whales drop
The number of Ethereum whales, those holding more than 10,000 Ethereum (ETH), has been on a downward trend since July.
This drop, of over 7%, is noteworthy as large whale holders often influence market trends.
The sudden drop in whale activity indicates changes in sentiment and investment strategies among high-net-worth investors.
This shift is noteworthy, especially for those who are watching the long-term prospects of the Ethereum market.
Ethereum Holders Remain Profitable
Despite the decline in whale activity, 62% of Ethereum holders are still making profits.
This may indicate that despite the recent market volatility, the majority of investors still find the market favorable.
Holders of profitable stocks tend to hold onto their assets and avoid sudden sales, which may provide some stability to the market.
Net inflows increase
Ethereum has seen periods of high net inflows, indicating increased demand and activity on the network. After a recent dip, inflows appear to be increasing again.
Such moves are often preceded by large price movements, as increased flows can lead to increased buying pressure.
Long positions gain dominance
The long/short ratio analysis shows fluctuations between short and long positions. Currently, the ratio is 1.01, indicating that long positions are starting to dominate the market.
Despite the decline in Ethereum whales, the overall market sentiment remains positive.
With 62% of Ethereum holders still profitable and inflows rising after recent dips, Ethereum could be on the verge of a major price increase.
#WeAreAllSatoshi #etherreum #Binane #Bitcoinâ
