EddieJayonCrypto

 29 Nov 24

tl;dr

New data from market analytics firm IntoTheBlock shows that over 90% of Ethereum (ETH) holders are in profit, with only 9.2% at a loss holding just 2.8% of the total supply. This suggests limited sell pressure as ETH trends upward. The top altcoin is trading at $3,547, with November seeing the highe...

New data from market analytics firm IntoTheBlock reveals that over 90% of Ethereum (ETH) holders are now in profit. The second-largest digital asset by market cap is unlikely to feel sell pressure from those seeing losses, as they hold just 2.8% of the total supply.

The top altcoin is currently trading at $3,547, and November has seen the highest net stablecoin outflows from exchanges since April, indicating traders are locking in profits and planning to re-enter the market at a later time.

Tether (USDT) has surpassed a market cap of $130 billion and recorded just under 24.1 million transactions, setting a new record.

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