On-Chain Forensics

On-Chain Forensics 23

In today’s report we will be analysing the On-Chain picture for Ethereum. To summarise this report, it can be said that accumulation of ETH has slowed down with investors now looking to HODL their positions without increasing their exposure. This may change if we see a big draw down in price, as many investors/retail are looking to buy the dip and we could see some panic selling. Long-term holders have not sold any sizeable amounts of their positions, with the majority of selling originating from short-term traders. The MVRV Ratio, would suggest that we are still in a Bull run and some distance away from a blow-off top. Blow-off tops are indicated by the MVRV surpassing 3.0.  Key Points: Investors have stopped accumulating and are now hodling, without adding to their positions. Long-term supply is still relatively inactive, indicating long term investors are staying in their positions. Short-term supply makes up most of the selling – day trading. Liveliness, reinforced […]

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