Recent report reveals that the second biggest crypto shows signs of bottoming out, while the number of new investors hits an all-time high
In a recent tweet, on-chain data provider Santiment shared that the number of ETH transfers while participating addresses were at a loss exceeded that when wallets were in profit by about 3.4 times.
That was the biggest increase of this ratio over the past 3.5 years (since mid November 2018).
The Santiment team thinks this could be a sign of Ethereum going down.
As for the number of Ethereum wallets in loss, according to data shared by Glassnode, it has hit a 2-year high, reaching 24,513,674.851.
The number of ETH wallets in profit fell to a one-month low of 55,470,222,548.
While Ethereum has lost slightly over $1,000 since the start of the year, dropping to $2,661, new investors keep entering the ecosystem. As per Glassnode, the number of non-zero wallets has soared to a new historic peak of 80,166,298.
Small investors are also flocking in – the number of wallets containing more than 0.01 ETH has reached an all-time high of 22,629,104.
