According to Odaily Planet Daily, data shows that the proportion of ETH supply in a profitable state (7DMA) reached 85.66% in the past week, which is the lowest since November 2023. Three weeks ago, this figure reached 94%, but then the overall market sell-off caused the ETH price to fall by more than 30%.
According to analysis, this further proves that the current price of ETH is below the cost basis of most buyers this year. However, although this figure is at the lowest point in 2024, it does not necessarily indicate that most ETH holders are in a net loss so far this year.
