Onchain Highlights
DEFINITION:The percentage of unique addresses whose funds have an average buy price that is lower than the current price. “Buy price” is here defined as the price at the time coins were transferred into an address.
Ethereum addresses in profit have seen a notable decline in 2024. The percentage of addresses in profit has fallen to 65% as of Sept. 3 after reaching a peak near 90% in March. This decline is evident from the broader context of Ethereum’s price, which has also retraced from its earlier highs this year.
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