The number of Ethereum whales holding more than 10,000 ETH has fallen by more than 7% since July. Despite this, 62% of Ethereum holders are still profitable, and net inflows are expected to continue to rise.
The number of Ethereum whales is on a downward trend. The number of users holding more than 10,000 Ethereum (ETH) has continued to decline since July. As large shareholders often have an impact on market trends, the drop is more than 7%. The sudden drop in whale activity suggests that the sentiment and investment strategies of high-net-worth investors have changed. This shift is worth paying attention to, especially for those who are closely following the long-term market prospects of Ethereum.
Despite the decrease in whale activity, 62% of Ethereum holders are still profitable. This may indicate that most investors are still bullish on the market despite the recent market volatility. Profitable holders tend to be more inclined to hold assets and avoid sudden sell-offs, which may provide some stability to the market.
Ethereum net inflows have peaked, indicating increased demand and activity on the network. After a recent slump, inflows appear to be picking up again. Such movements often precede major price moves, as increased inflows can lead to increased buying pressure.
The long-short ratio analysis shows that there is a fluctuation between short positions and long positions. Currently, the ratio is 1.01, which means that long positions are beginning to dominate the market.
Despite the decline in the number of Ethereum whales, the overall market sentiment remains positive. With 62% of holders still profitable and inflows increasing after the recent drop, Ethereum may be on the verge of a major rally.
The article is for reference only and does not constitute investment advice.
