{"id":550122,"date":"2023-09-05T20:00:21","date_gmt":"2023-09-05T20:00:21","guid":{"rendered":"https:\/\/wncen.com\/?p=550122"},"modified":"2023-09-05T14:40:16","modified_gmt":"2023-09-05T14:40:16","slug":"44-2-ethereum-holders-now-loss-the-bottom","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/44-2-ethereum-holders-now-loss-the-bottom\/","title":{"rendered":"44.2% Of Ethereum Holders Now In Loss, Is This The Bottom?"},"content":{"rendered":"

On-chain data shows that 44.2% of all Ethereum investors are now carrying their coins at a loss, a sign that the bottom may be close for the asset.<\/p>\n

Ethereum Percentage Of Holders In Loss Has Surged Recently<\/h2>\n

According to data from the market intelligence platform IntoTheBlock<\/a>, the percentage of ETH investors in loss has grown sharply since early July. The relevant indicator here is the firm’s “Historical In\/Out of the Money,” which tells us about the percentage of Ethereum investors in profits and losses and those that are just breaking even.<\/p>\n

The metric determines whether an investor is in profit or loss by looking at their address history to check for the average price at which they acquired their coins. Naturally, if the asset’s current spot price is less than a holder’s cost basis, then that particular holder is carrying their coins at a net profit.<\/p>\n

Similarly, the cost basis being equal to and less than the spot price would imply that the investor is breaking even on their investment and holding at a loss, respectively.<\/p>\n

Related Reading: Bitcoin Exchanges See Three Straight Months Of Withdrawals For First Time Ever<\/a><\/div>\n

Now, here is a chart that shows the trend in the Historical In\/Out of the Money indicator for Ethereum over the past few years:<\/p>\n

\"Ethereum<\/p>\n

The value of the metric seems to have been going up in recent weeks | Source: IntoTheBlock on X<\/a><\/pre>\n
IntoTheBlock has only listed the data for the Ethereum investors in losses, as this is the number of interest in the current discussion. The combined percentage of the investors breaking even and carrying profits can also be deduced from this value, as the total percentage must add up to 100%.<\/p>\n
In early July, Ethereum holders underwater were at about 27%. It’s visible in the graph, however, that the indicator has observed a notable uplift since then, as the price of the cryptocurrency has registered a drawdown<\/a>.<\/p>\n
Today, the indicator’s value is at 44.2%, meaning that almost half of the Ethereum user base is holding their coins at losses. Generally, the more the investors get into profits, the more likely they become to sell to harvest those gains.<\/p>\n
Due to this reason, corrections in the asset become more probable to form whenever an extreme majority of the market is enjoying profits. A large percentage of the holders being in losses instead, however, can have the opposite effect on the price since they can lead towards bottoms<\/a> as profit sellers become exhausted.<\/p>\n
Related Reading: This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment<\/a><\/p>\n
Since the start of the bear market<\/a> last year, the highest the metric’s value has gone is 50%, implying that exactly half of the investors had been in losses back then. This value isn’t too far off from the current one, suggesting that Ethereum may be close to forming a bottom.<\/p>\n
If a similar loss percentage is hit with the bottom this time, ETH would first suffer from some more downtrend so that enough investors drop underwater.<\/p>\n
ETH Price<\/h2>\n
Ethereum has continued to move flat recently; as of this writing, it trades at about $1,600.<\/p>\n
\"Ethereum<\/p>\n
Looks like ETH is still struggling to find any volatility | Source: ETHUSD on TradingView<\/a><\/pre>\n
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, IntoTheBlock.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows that 44.2% of all Ethereum investors are now carrying their coins at a loss, a sign that the bottom may be close for the asset. Ethereum Percentage Of Holders In Loss Has Surged Recently According to data from the market intelligence platform IntoTheBlock, the percentage of ETH investors in loss has grown sharply since early July. The relevant indicator here is the firm’s “Historical In\/Out of the Money,” which tells us about the percentage of Ethereum investors in profits and losses and those that are just breaking even. The metric determines whether an investor is in profit or loss by looking at their address history to check for the average price at which they acquired their coins. Naturally, if the asset’s current spot price is less than a holder’s cost basis, then that particular holder is carrying their coins at a net profit. Similarly, the cost basis being equal to and less than the spot price would imply that the investor is breaking even on their investment and holding at a loss, respectively. Related Reading: Bitcoin Exchanges See Three Straight Months Of Withdrawals For First Time Ever Now, here is a chart that shows the trend in the Historical In\/Out of the Money indicator for Ethereum over the past few years: The value of the metric seems to have been going up in recent weeks | Source: IntoTheBlock on X IntoTheBlock has only listed the data for the Ethereum investors in losses, as this is the number of interest in the current discussion. The combined percentage of the investors breaking even and carrying profits can also be deduced from this value, as the total percentage must add up to 100%. In early July, Ethereum holders underwater were at about 27%. It’s visible in the graph, however, that the indicator has observed a notable uplift since then, as the price of the cryptocurrency has registered a drawdown. Today, the indicator’s value is at 44.2%, meaning that almost half of the Ethereum user base is holding their coins at losses. Generally, the more the investors get into profits, the more likely they become to sell to harvest those gains. Due to this reason, corrections in the asset become more probable to form whenever an extreme majority of the market is enjoying profits. A large percentage of the holders being in losses instead, however, can have the opposite effect on the price since they can lead towards bottoms as profit sellers become exhausted. Related Reading: This Could Be The Metric To Watch For A Bitcoin Bounce: Santiment Since the start of the bear market last year, the highest the metric’s value has gone is 50%, implying that exactly half of the investors had been in losses back then. This value isn’t too far off from the current one, suggesting that Ethereum may be close to forming a bottom. If a similar loss percentage is hit with the bottom this time, ETH would first suffer from some more downtrend so that enough investors drop underwater. ETH Price Ethereum has continued to move flat recently; as of this writing, it trades at about $1,600. Looks like ETH is still struggling to find any volatility | Source: ETHUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, IntoTheBlock.com<\/p>\n","protected":false},"author":542,"featured_media":550137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,89314,89313,8686],"class_list":["post-550122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-bottom","tag-ethereum-loss","tag-ethusd"],"acf":[],"yoast_head":"\n44.2% Of Ethereum Holders Now In Loss, Is This The Bottom?<\/title>\n<meta name=\"description\" content=\"On-chain data shows 44.2% of all Ethereum investors are now carrying their coins at a loss, a sign that the bottom may be close for the asset.\" \/>\n<meta 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"44.2% Of Ethereum Holders Now In Loss, Is This The Bottom?","url":"http:\/\/wncen.com\/news\/ethereum\/44-2-ethereum-holders-now-loss-the-bottom\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/44-2-ethereum-holders-now-loss-the-bottom\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-x8pfawwxLcE-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-x8pfawwxLcE-unsplash.jpg?fit=6048%2C4024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethereum bottom","ethereum loss","ethusd"],"dateCreated":"2023-09-05T20:00:21Z","datePublished":"2023-09-05T20:00:21Z","dateModified":"2023-09-05T20:00:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"44.2% Of Ethereum Holders Now In Loss, Is This The Bottom?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/44-2-ethereum-holders-now-loss-the-bottom\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/44-2-ethereum-holders-now-loss-the-bottom\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/kanchanara-x8pfawwxLcE-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/kanchanara-x8pfawwxLcE-unsplash.jpg?fit=6048%2C4024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethereum bottom\",\"ethereum loss\",\"ethusd\"],\"dateCreated\":\"2023-09-05T20:00:21Z\",\"datePublished\":\"2023-09-05T20:00:21Z\",\"dateModified\":\"2023-09-05T20:00:21Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/kanchanara-x8pfawwxLcE-unsplash.jpg?fit=6048%2C4024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=550122"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/550137"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=550122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=550122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=550122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}