About 8% of ETH is being accumulated in Q2, 3 months is the cut-off for ETH holding time

This may mean that ETH holders prefer not to trade during the recent consolidation period.

In Q2, the percentage of ETH aged 1 week to 1 month (1w-1m) dropped over 8% of total circulation, and the percentage of ETH aged 3 to 6 months (3m-6m) increased by about 14%. Overall, the share of ETH with coins older than 3 months is expanding.

PAData July 1 – According to glassnode, the structure of ETH holdings continued to adjust in the second quarter. Among the notable changes are ETHs with coin ages of 1 week to 1 month (1w-1m) and 3 to 6 months (3m-6m), with the former’s share decreasing by about 8.74%, while the latter’s share increased by about 13.99%. The proportion of ETHs in the remaining coin age brackets varied slightly below 3%. From the overall trend, the percentage of ETHs with coin age over 3 months is expanding, and more and more ETHs are growing in age. This may mean that ETH holders are more inclined not to trade during the recent consolidation period.

About 8% of ETH is being accumulated in Q2, 3 months is the cut-off for ETH holding time

It is worth noting that on June 17, the percentage of ETH with coin ages of 1 to 3 months (1m-3m) dropped by about 7.91% compared to the previous day, while the percentage of ETH with coin ages of 3 to 6 months (3m-6m) increased by about 8.01% compared to the previous day. The same sudden change in the percentage also happened on April 18, with about 8% of ETH coins just over 1 month old on April 18. From the progressiveness of time and the similarity of the quantity change, it can be inferred that about 8% of ETH or about 9.3 million ETH are being accumulated.

About 8% of ETH is being accumulated in Q2, 3 months is the cut-off for ETH holding time

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/about-8-of-eth-is-being-accumulated-in-q2-3-months-is-the-cut-off-for-eth-holding-time/
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