IntoTheBlock: 61% of ETH holders are currently in a profitable state
According to IntoTheBlock, in the recent bear market, the proportion of profitable holders dropped to a low of 46%, while after the 2017 cycle, this ratio fell to just 3%. This comparison shows that Ethereum's current cycle displays greater resilience. Even during economic downturns, many holders still maintain profitability, reflecting stronger confidence in ETH's long-term value. During 2019/2020, ETH's profitable addresses once fell below 10%. Although similar situations could lead to a return of the bear market at its lowest point, current market conditions suggest any downturn may not be as severe.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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