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The estimated number of Ethereum holders who are losing out on their investments is currently 88%. This is written by Cryptoslate with reference to IntoTheBlock company data.
As shown in the image below, only 12% of ETH investors at current price levels have a profit or near-zero result. In the near future, their share may become even lower, analysts admit, pointing to one of the metrics in the blockchain.
The indicator is calculated as the estimated average cryptocurrency purchase price relative to the current spot price.
Ethereum is currently trading around $ 130, setting a price high above $ 1,400 at the beginning of 2018 and a minimum of about $ 80 in December of that year. Thus, most investors in ETH with a positive balance, most likely, purchased cryptocurrency either at recent lows, or even before its rise in 2017.
At the same time, 4 million ETH addresses, or about 10% of the total, received their coins when cryptocurrency was trading between $ 714 and $ 1,340.
IntoTheBlock also notes a decrease in the number of large transactions with a volume of more than $ 100,000, which may serve as another bearish signal.
According to the authors, the indicator of the number of large transactions often serves as a harbinger of major changes in the cryptocurrency rate.
Last October, the share of unprofitable Ethereum addresses was estimated at 70%.