Verzichterklärung: D'Meenung hei ausgedréckt ass keng Investitiounsberodung - et gëtt nëmme fir Informatiounszwecker zur Verfügung gestallt. Et reflektéiert net onbedéngt d'Meenung vun U.Today. All Investitioun an all Handel enthält Risiko, sou datt Dir ëmmer Är eege Fuerschung maache musst ier Dir Entscheedunge trefft. Mir empfeelen net Suen ze investéieren déi Dir Iech net leeschte kënnt ze verléieren.
Entspriechend zu Glas Node, the number of addresses holding 1,000 ETH and more reached a new monthly high. Remarkably, the mark of 6,600 such whale addresses was earlier passed at the moment of the ETH price spill in mid-December. Now, however, the price of the crypto market’s main altcoin has recovered to where it was even before the stunning FTX crash, but the number of millionaires in Ethereum continues to rise.
📈 # Ethereum $ ETH Zuel vun Adressen Holding 1k+ Mënzen huet just en 1-Mount Héichpunkt vun 6,599
Previous 1-month high of 6,597 was observed on 21 January 2023
Metrik kucken:https://t.co/iDNXAbbLRt pic.twitter.com/GxQxpMvXkC
- Glassnode Alarmer (@glassnodealerts) Januar 23, 2023
Profien
It can be assumed that the calculation of these investors is that Ethereum will continue to move upward and, even more so, do so during Bitcoin’s flattening in price and declining in dominance. The argument is also supported by the fact that ETH is currently 1% behind BTC in its price action in January.
Recall that the classic flow of funds on the crypto market assumes their movement from Bitcoin to Ethereum and then to other altcoins, where in the end, it is all meme coins and dumping.
scheinbar
The counterarguments are that the number of addresses with more than 10,000 ETH on their balance has reached its monthly low of 1,199 wallets. It is also reported that 61.1% of all Ethereum addresses are already in profit. Thus, it becomes clear that the biggest players have played conservatively and taken their profits, but there is still a large volume that can be cut any time.
Source: https://u.today/ethereum-millionaire-amount-reaches-new-high-heres-what-theyre-planning