Ethereum’s Rollercoaster: 60% of Holders Laughing All the Way to the Bank! 😂💰

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Ah, the fickle nature of Ethereum! One moment, it dances in the sun, and the next, it hides in the shadows. Recent on-chain data reveals a rather amusing twist in the tale of Ethereum profitability, as if the universe itself decided to play a prank on its investors.

those basking in profits (“in the money”), those wallowing in losses (“out of the money”), and the unfortunate souls merely breaking even (“at the money”).

This metric, dear reader, sifts through the on-chain history of each address, revealing the average price at which coins were acquired. If this average is lower than the current price, congratulations! You’re in the money. If not, well, better luck next time!

And behold! Here is a chart that illustrates the trend in Ethereum’s Historical In/Out of the Money over the past decade:

As the graph reveals, Ethereum investors once enjoyed a blissful existence, with over 90% in the money before the selloff in December 2024. But alas, by April 2025, that number plummeted to a mere 32%. Talk about a dramatic plot twist!

Yet, as if scripted by a master playwright, the ETH price has rallied once more, and nearly 60% of holders are back in the money. While this is not quite the euphoric heights of last year, it’s certainly a step up from the depths of despair.

Sentora notes that such volatility hasn’t been seen since the grand 2017 cycle. Oh, the nostalgia! 🎢

In other news, ETH has reclaimed two significant on-chain levels, as discussed in the latest weekly report by the analytics firm Glassnode. It seems Ethereum is on a mission to recover its dignity.

The chart indicates that Ethereum has reclaimed the Realized Price early in its recovery. This price, currently at $1,900, represents the average cost basis of all investors. At this rate, holders might just find themselves in a delightful profit.

Moreover, Ethereum has surpassed the True Market Mean at $2,400, a model that aims to provide a more accurate average acquisition level by excluding long-lost dormant supply. Clever, isn’t it?

Now, there remains just one more level to reclaim: the Active Realized Price at $2,900. Will Ethereum rise to the occasion? Only time will tell!

ETH Price

As of now, Ethereum has climbed to the $2,660 mark, following a modest rally of about 4% in the last week. A round of applause for our resilient cryptocurrency! 👏

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2025-05-23 15:24