97% of Ether Addresses Now Profitable Amid Price Rally
Ether's (ETH) recent price increase has resulted in 97% of its addresses being "in-the-money," meaning their acquisition costs are below the current market rate of $4,225. This profitability may lead to heightened sell-side pressure, potentially slowing further price increases.
Key points include:
- Profit-taking is increasing, with ETH profit realization at $553 million per day, peaking at $771 million in July.
- Short-term investors are now the primary drivers of this selling, contrasting with long-term holders who are realizing profits similar to December 2024 levels.