Ethereum's Underwater Supply Matches Post-FTX Capitulation Bottom

Ethereum Supply in Loss Ties Post-FTX Capitulation Low - The Blockopedia

A recent price drop has pushed a large chunk of Ethereum’s supply into unrealized loss territory, matching levels last seen after the FTX collapse in November 2022, according to data from Glassnode. The metric, known as “ETH supply in loss,” tracks how much of the circulating supply is held below its original purchase price. When […] The post Ethereum Supply in Loss Ties Post-FTX Capitulation Low appeared first on The Blockopedia.

Ethereum's Underwater Supply Matches Post-FTX Capitulation Bottom

Ethereum’s latest drawdown has pushed a major share of ETH supply back underwater, with Glassnode data cited by market trackers showing supply held at an unrealized loss near levels last seen around the post-FTX capitulation period. TL;DR Glassnode’s ETH supply-in-loss metric is being watched as a capitulation signal. The reading has been compared with the painful post-FTX bottom zone from November 2022. A high underwater supply does not guaran…