Glassnode: After Ethereum’s New High, Investors Hold Over 2.15x Unrealized Gains on Average
According to ChainCatcher, Glassnode posted on social media that as Ethereum reached a new all-time high, its MVRV ratio has climbed to 2.15. This indicates that, on average, investors are currently holding more than 2.15 times their unrealized gains.
This level is similar to the market conditions seen in March 2024 and December 2020—both periods were followed by increased volatility and intensified profit-taking.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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