NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Ethereum May Be One Dip Away From Mass Losses—Data Warns

Keshav Verma
Keshav Verma
3 months ago
2 mins read
Ethereum

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

On-chain data shows a large portion of the Ethereum market cap was acquired near the current price, making ETH’s position potentially fragile.

$123 Billion In Ethereum Market Cap Sits Close To Cost Basis

As explained by the on-chain analytics firm Glassnode in a new post on X, the largest share of the Ethereum market cap is currently above the spot price by just 0 to 20%.

Related Reading

Bitcoin

How Does Bitcoin Investor Behavior Shape Trends? Glassnode Reveals

3 months ago

The indicator of relevance here is the “Market Cap by Profit and Loss,” which tells us about how much of the ETH market cap has its cost basis sitting within what distance of the cryptocurrency’s price.

Formally, the market cap is defined as the total circulating supply of the asset multiplied by the latest spot value. As such, the market cap of a particular group of tokens would be just their number multiplied by the price.

The Market Cap by Profit and Loss refers to the last transaction price of these coins to determine whether the market cap held by them is in profit or loss right now. Naturally, the cost basis of the tokens being under the latest price suggests they are in profit, while the opposite case puts them in the loss category.

Now, here is the chart for the indicator shared by the analytics firm that shows the trend in its value for Ethereum over the past few months:

Ethereum Market Cap by Profit and Loss
The market cap contained within each level | Source: Glassnode on X

As displayed in the above graph, the largest share of the Ethereum market cap is currently contained within the 0 to 20% cohort. This group includes coins that currently have their value between 0 and 20% above their cost basis. Naturally, even the tokens on the higher end of the range wouldn’t be in that big a profit at the moment.

In total, about $123 billion of the ETH market cap, equivalent to almost 38%, falls under this category. Considering the delicate profit-loss balance that all this supply has, it’s possible that even an ordinary pullback could send a large number of tokens underwater. “Despite recent gains, ETH remains in a fragile position,” notes Glassnode.

In some other news, Ethereum has witnessed a buying push from the whales during the past month, as analyst Ali Martinez has pointed out in an X post.

Ethereum Whales
The data of the ETH supply held by the whales | Source: @ali_charts on X

“Whales” are defined as the investors carrying between 10,000 and 100,000 tokens of the cryptocurrency. From the chart, it’s apparent that the total Ethereum supply held by this cohort has registered a notable increase in the last few weeks.

Related Reading

Bitcoin

Bitcoin SLRV Ribbons Turn Green—What Happens Next?

3 months ago

More specifically, the whales have added around 1 million ETH (worth around $2.7 billion at the current exchange rate) to their holdings in this period.

ETH Price

Ethereum observed a decline below the $2,500 level earlier, but it seems the coin has found a rebound as it’s back at $2,700.

Ethereum Price Chart
ETH’s price appears to have bounced back | Source: ETHUSDT on TradingView
Featured image from Dall-E, CryptoQuant.com, Glassnode.com, chart from TradingView.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum ETH

Ethereum potichu atakuje trh s mesačným nárastom 20 %

Ethereum (ETH) zažíva historické obdobie. V nedeľu sa cena ETH dostala na nové historické maximum, pričom celková trhová kapitalizácia prekročila...

Nina Šefčíková 10 hours ago

Il sorpasso di Ethereum su Bitcoin Sembra Inevitabile

L’ascesa di Ethereum sta prendendo sempre più velocità, e la domanda se un giorno potrà superare Bitcoin nel prezzo non...

clararosati 11 hours ago
Эфириум

Ethereum под давлением: сможет ли ETH вернуться к $4 600?

Криптовалютный рынок снова испытывает нестабильность, и это чувствуют даже самые сильные активы. Ethereum, который долго удерживался вблизи ключевых уровней, оказался...

daria 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Sees Contract Boom In 2025, Setting Stage For $5,000 Rally

Ash Tiwari 32 minutes ago
Crypto bull run news

Crypto Bull Run Dead? Analyst Says The Real Top Isn’t Here Yet

Jake Simmons 1 hour ago
Ethereum

Spot Ethereum ETF Inflows Flip Bitcoin Once Again, Will ETH Outperform BTC?

Scott Matherson 10 hours ago

Premium Sponsors

Press Releases

  • シバコイン 今後:市場が成熟する中、次なる100倍

    シバコイン...

    2 hours ago
  • パイネットワーク 価格の行方

    パイネットワーク...

    2 hours ago
  • je li Token6900 na radaru kao sljedeći veliki skakač

    XRP kitovi pokrenuli tržište — je li Token6900 na...

    4 hours ago
  • XRP új csúcsokat ér el – A korai befektetők most a Token6900 felé fordulnak

    XRP új csúcsokat ér el – A korai befektetők most a...

    5 hours ago
  • Zárul a Token6900 előértékesítése: Készen áll a 2025-ös felemelkedésre?

    Zárul a Token6900 előértékesítése: Készen áll a...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.