📰 Ethereum rose 71% in Q3, but the share of supply in profit has yet to enter the danger zone
BlockBeats reported on October 10 that Coinbase Institutional said ETH rose 71% in the third quarter, but on-chain indicators show no clear signs that its price action has become overheated.
Data shows that the share of ETH supply in profit has moved out of the accumulation zone, but remains well below the danger zone. This suggests the market has not yet reached the excessive rally levels indicated by historical metrics.
◆ Takeaways
· This may affect short-term sentiment; it is more important to watch for subsequent confirmation from official sources and on-chain data.
· The above is a summary of publicly available information and does not constitute investment advice.
$BNB #币圈热点 #行业动态
BlockBeats reported on October 10 that Coinbase Institutional said ETH rose 71% in the third quarter, but on-chain indicators show no clear signs that its price action has become overheated.
Data shows that the share of ETH supply in profit has moved out of the accumulation zone, but remains well below the danger zone. This suggests the market has not yet reached the excessive rally levels indicated by historical metrics.
◆ Takeaways
· This may affect short-term sentiment; it is more important to watch for subsequent confirmation from official sources and on-chain data.
· The above is a summary of publicly available information and does not constitute investment advice.
$BNB #币圈热点 #行业动态