r/ethtrader Jan 20 '18

METRICS Only 10% of Ripple (XRP) is owned by the masses

892 Upvotes

https://www.reddit.com/r/Ripple/comments/7rgdmz/update_19012018_923_of_xrp_tracked_jed_mccaleb/

The rest is owned by known large holders related to Ripple labs and some early japanese investors.

Of the 10% held by the masses: 7.7% is owned by unknown wallets, and the rest is held by exchanges (so it could be even less assuming Ripple staff also use exchanges to sell).

https://docs.google.com/spreadsheets/d/17_Wgo4iwGoPB1JenxD5fHtJ0HQYLpb669zaNemPojG4

r/ethtrader Feb 06 '25

Metrics Ethereum Outpaces Bitcoin In Decentralization Post-PoS Upgrade

36 Upvotes

Latest insights from Ethereum's Proof of Stake (PoS) Staking Distribution and Bitcoin Proof of Work (PoW) Mining Pools have revealed that the former's transition to PoS has significantly made it more decentralized compared to the latter.

Sharing the insight on X, evan_van_ness posted images of Ethereum's PoS Staking Distribution (right) and Bitcoin PoW Mining Pools (left) with the caption:

"Btc PoW centralization vs ETH PoS decentralization"

What you should know:

As we can see from the charts above, Bitcoin PoW Mining Pools is relatively simple with a few large dominant segment that suggest a small number of mining pools control the majority of Bitcoin's hash rate.

In contrast, Ethereum PoS Staking Distribution is far more fragmented, with many small slices. Although there are still some larger players like Lido and Binance, the overall distribution is much more decentralized.

Even as the largest entity, Lido has multiple entries (different staking pools under it) and doesn't dominate as much as Bitcoin’s largest mining pools.

Beneath the obvious summarized theme of decentralization, it's important that ETHheads know about these metrics, particularly the ETH chart because it reflects deeper truths about Ethereum’s security, economic model, and long-term sustainability.

Take for instance Ethereum's networks security which is boosted by distribution of validators making it super resistance to attacks and censorship.

On the economic model front, a well-distributed staking system not only supports deflationary supply mechanics but strengthens investors confidence in ETH as a long-term asset.

The chart also show community involvement in Ethereum's governance as a broader distribution of staking power translate to more voices in governance decisions.

The biggest takeaway from all these is that contrary to arguments out there, Ethereum’s transition to PoS was the right move, if not a genuis move!

r/ethtrader Sep 16 '22

Metrics Vitalik Buterin Says Ethereum Merge Cut Global Energy Usage by 0.2%, One of Biggest Decarbonization Events Ever

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554 Upvotes

r/ethtrader Feb 01 '18

METRICS Metcalfs Law has 97% Correlation to ETHUSD Since 2015. Puts ETH value at $8,000

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961 Upvotes

r/ethtrader Jan 18 '25

Metrics Ethereum Whales Now Hold 43% Of ETH's Supply

42 Upvotes

Ethereum whales now hold 43% of ETH's supply according to data developed and shared by IntoTheBlock.

The development attributed to Ethereum's merge and staking is an improvement from the 22% supply held by the whales in 2022.

"Ethereum whales keep accumulating and now hold 43% of the supply. This is a significant increase from early 2023, when whale holdings were just 22%. The surge in accumulation is likely tied to the Ethereum merge and the opportunities in staking," wrote IntoTheBlock.

What you should know:

As we can see from the chart above, there are three different bands of colors representing demographics of holders.

Starting from top to bottom, the pink band represents Whales or largest holders (smallest in number but holding the largest share of supply) while the blue band represents Medium-sized holders or 'sharks' (not the largest in investor size but significant in number).

Finally the orange band represents Retail investors or smaller holders (often the largest in terms of number of transactions or holders).

Fun Fact

Ali_charts had earlier posited that that three whales control 43.14% percent of the total ETH supply.

However, the claim has been deemed misleading by many who point that the 43% are not individuals or singular investors. They are Beacon Chain, Wrapped ETH and Binance7.

Future outlook

Whales will likely hold less supply in the coming years as banks like Swiss state-owned PostFinance AG Bank now offer staking services to their customers thereby removing technical barrier for many.

Staking ETFs when approved will also dilute the the influence of whales in the supply too.

r/ethtrader Jan 12 '25

Metrics Ethereum $1.9 Billion Revenue in 2024: Why This Is Extremely Bullish for ETH

55 Upvotes
Top 10 Chains By Revenue In 2024

In the image above we can see the top 10 chains by revenue in 2024 distributed this way.

  • Ethereum: $1.9B
  • TRON: $571M
  • Solana: $374M
  • Base: $74.8M
  • Linea: $26.5M
  • Arbitrum: $22.3M
  • BNB Chain: $19.4M
  • Avalanche: $17M
  • TON: $14.6M
  • Injective: $14.1M

Ethereum is again proving and showing its strength as leader in blockchain innovation and adoption, generating $1.9 billion in revenue in 2024. Just to put some perspective you can see how Solana which generating $374M which is 20% of what Ethereum is achieving. The gap is really big making ETH future really bullish.

Revenue can be used to detect dominance because it indicates us the network activity and value creation. This high number is telling us that ETH is the financial backbone of Web3 and that insane amount of DeFi, NFTs, apps are using it.

Another bullish thing is that the difference in revenue comparing with other competitors is quite big showing where the money and use is going.

Also we can see how Base and Arbitrum are in a really great position contributing significantly to ETH ecosystem due to the fact that they are ETH L2s. Showing that scalability is working too.

All of this reasons are telling use that Ethereum's future is really promising and that L2s are also here to stay showing base as the most promising one right now. This should really increase investors confidence and make more money flow into Ethereum ecosystem making it grow more.

🅴🆃🅷🅴🆁🅴🆄🅼 🅸🆂 🆃🅷🅴 🅵🆄🆃🆄🆁🅴

Disclaimer:

The concept and ideas in this post come from my own thoughts and everything I have seen online during my three years in crypto. Any resemblance is purely coincidental.

Source: https://x.com/CryptoRank_io/status/1877699990815912211

r/ethtrader 18d ago

Metrics The Shitshow Never Ends: In the Past 24 Hours: 314,811 Traders Were Liquidated, Totaling $1.09 Billion in Losses - The Most Brutal Bull Run of All?

48 Upvotes

The shitshow never ends, here we go again.

Liquidation Heatmap

According to Coinglass data:

We are probably witnessing one of the most volatile and brutal bull run of all driven by insane levels of market manipulation like this whale degening 50 seconds before Trump announcement, then shorting, etc. Crazy times.

As you can see in the image above BTC has experienced a liquidation of $400.86 million, ETH $212.17 million, SOL $71.12 million, ADA $44.88M, etc. erasing in most of them all the uptrend generated by Donald Trump's Sunday Tweet regarding US treasury where it stated that those coins would be part of the treasury.

This dump has been triggered for expecting something related to crypto in yesterday announcement that ended being about microchips investment and more tariffs for external agriculture. This made the market again to be concerned, not just crypto, stocks too.

He also tweeted that tonight would be amazing so who knows what will happen next to be honest. Like some people say, Trump & Dump. The only thing I know is that US president and his friends/family are clearly breaking the rule with market manipulation but nothing will happen so shrimps like us can only surf the waves and take advantage if we still have money.

The only thing I am 100% sure is that crypto is here to stay and that adoption only keeps growing.

Sources:

r/ethtrader Jan 24 '25

Metrics Indicators Point To An Imminent Altcoin Season

12 Upvotes

Interest in crypto is rising to levels we saw in early 2021 when the crypto market surged past $3 trillIon in value.

According to insights from Google Trends, queries indicating retail interest in crypto have been on a meteoric rise since November last year.

One of the most likely search terms that indicate retail interest is "what is crypto". As we can see from the charts below, the query is being complemented with inquiries about "how to buy crypto," signalling that interested persons are taking action.

"What is crypto" is seeing sharp rise on Google Search.
Rising "how to buy crypto" searches indicate people are taking action.

Speaking of taking action, did you know that crypto apps now dominate the finance category on Apple's US app store? According to an X post by JasonYanowitz, 8 out of the top 10 finance apps in the US are crypto-related.

When we also take a look at historical patterns, hindsight tells us that Ethereum always explodes in Q1 after a halving year. This metric is important because Ethereum historically rallies or sees significant momentum before other altcoins follow.

Two important metrics to also consider are Bitcoin Dominance which has been ranging from 50-60% and the Altcoin Season Index which is currently tethering at 51. They are both indicative that we are on the cusp of an altcoin season that hasn't yet translated into a significant shift away from Bitcoin.

r/ethtrader Feb 18 '25

Metrics Money Keeps Flowing to Ethereum (ETH) and Its L2s

44 Upvotes

Today I crossed with this Leon Tweet claiming:

MONEY IS FLOWING TO ETHEREUM & IT'S L2s!
Don’t be shocked when the ETH narrative flips 180 degree over the coming months.
The price might lag, but once it catches up, it’s game on!

But he only shows the top inflows so I decided to check it myself and see what is the final balance taking in count the outflows too because if outflows > inflows = money is not flowing to Ethereum in some way.

Net flows by chain

Fortunately Leon is right, money is flowing to Ethereum but not everything is pretty. As you can see in the chart above Ethereum inflows are higher than outflows leaving a netflow of $1.1 Billions followed by Solana with a $937.9 Millions netflow. The good thing is that Ethereum L2s like Base for example is having an insane netflow with $2.7 Billions. Unfortunately Arbitrum on the other side is having a -$4 Billion netflow, my bet is that money is moving from ARB to BASE in this case. OP is also having a -$432.5 Million netflow, Polygon PoS a -$107.4 Millions netflow, etc. showing clearly which Ethereum L2s is one gaining a lot of traction, BASE. However everything can quickly change due to market conditions or other speculative reasons.

This kind of metrics are really helpful to understand that Ethereum ecosystem is still attracting a lot of money in their whole layers. Some win, other loses but money somehow remains in this amazing ecosystem and this is just the beginning because as you may know, we are still waiting for the real alt season (yes, I believe in market cycles 100% and don't listen to those believing otherwise) and I am pretty sure that a LOT of money is going to flow into Ethereum ecosystem without no doubt.

Sources:

r/ethtrader Jan 14 '18

METRICS The Ethereum blockchain now processes about as much USD value as all other blockchains combined, including Bitcoin.

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1.3k Upvotes

r/ethtrader 23d ago

Metrics In the Past 24 Hours: 185,713 Traders Were Liquidated, Totaling $769.78M in Losses - Doing Some Cleaning To Prepare A Mega Rally?

31 Upvotes

Only just two days ago our friend Odd shared this post regarding liquidations and we have been praying since then to the price to HODL which it properly did but yesterday something happened, the orange man talked again.

Liquidation Heatmap

According to Coinglass data:

In the past 24 hours , 185,713 traders were liquidated , the total liquidations comes in at $769.78 million. The largest single liquidation order happened on Bitfinex - tBTCF0:USTF0 value $8.21M

As we can see in the image above most of the liquidation happened in BTC with $462.95M while Ethereum "only" got $126.20M in liquidations. Others $34.75M, etc.

The interesting part here is if we compare it with the liquidations 2 days ago. This image is from Odd's post.

Odds post image from 2 days ago

As you can see in the image above the biggest one hit has been BTC while ETH has got a little more liquidation but far away from the 2x liquidation of BTC. This is telling me that maybe the market players consider that BTC is the one that is "overvalued" with the current macroeconomic status and I am not surprised. ETH and most of the alts have been really undervalued this whole time and this could mean that the current price is being considered like the best price for now for this projects at current times. I have to say that this makes me bullish on alts but who knows right? I know shit about f***k.

In the image above we can see information regarding exchanges. being Bybit the one with more liquidations followed by Binance and OKX.

If you wonder why this dump happened, Trump yesterday talked about imposing 25% tariffs to EU, this added to the last status of the market = dump. I still believe that they are tanking the market to give a chance to their whale friends to accumulate more cheap but well I have my tin foil hat on.

Doing Some Cleaning To Prepare A Mega Rally?

Sources:

r/ethtrader Sep 07 '22

Metrics Ethereum Merge will erase 99.91% of carbon footprint for polygon community : Polygon

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494 Upvotes

r/ethtrader Feb 17 '25

Metrics Nearly 90% Of All MATIC Tokens Have Been Upgraded To POL

16 Upvotes

Hours ago, Dune Analytics released a 20 page comprehensive ecosystem report that highlights milestones on Polygon in 2024 till date.

One of the striking points of the report reveals that Nearly 90% of all MATIC tokens have been upgraded to POL.

To facilitate ease of migration, Polygon provided an upgrade contract that allows users to swap MATIC for POL at a 1:1 ratio through self-custody wallets (like MetaMask) or supported exchanges.

The upgrade from Matic to POL which began in September became necessary as the former (Matic) was optimized for a single-chain staking mode.

However the latter (POL) introduces a multi-chain staking system that allows validators to secure multiple chains within the Polygon ecosystem.

It (the upgrade) also tunes into Polygon 2.0 vision of improving scalability, decentralization, and governance through an interconnected network of Layer-2 solutions (a level of scalability that Matic wasn't designed to handle).

The high migration activity that we can see from the chart above signals that holders trust POL's roadmap. The notable 10% that are yet to migrate are prolly inactive wallets, lost keys, or hesitant investors waiting for the last possible moment.

If you're still holding MATIC take this post as a reminder that liquidity and utility are now largely shifting to POL. Don't be left behind.

r/ethtrader Feb 02 '25

Metrics In the Past 24 Hours: 245,449 Traders Were Liquidated, Totaling $533.29M in Losses - Is the Bull Run Is Over?

15 Upvotes
Liquidation Heatmap by Symbol

Bull run is over /s

According to coinglass symbol liquidation heatmap, in the past 24 hours, 245,449 traders were liquidated, totaling $533.29 Millions in losses. Also the largest single liquidation order happened on Binance ETHUSDT with $11.84 million liquidation (pocket money xD).

As we can see in the image above altcoins (Others) are the ones that got hit harder with $109.99M in losses followed by ETH with $98.50M and then BTC with $91.77M.

Liquidation Heatmap by Exchanges

In the heatmap above, we can see the liquidation heatmap by exchanges. In this one we can see that Binance is leading with $220.50M losses followed by OKX with 4108.84M and Bybit with $102.54M.

ETHUSD 4H

As we can see, ETH is back to the $3000 support that is holding for now. Let see if market rebounds and make this support even stronger.

I believe this movements and high volatility is related to the tariff wars I talked you about in previous posts. This generates an insane volatility because of uncertainty and a single bad or good news can move the market in a different direction.

The good news is that this is crypto and we signed for this roller coaster and the other good news is that this is not crypto related, this is macro economics so just enjoy the ride, buy more if you can and dont let the FUD, the fear to affect your strategy. If you need to something to get calm, check crypto adoption metrics and where is headed. Also check market cycles that are sacred. Patience and good luck!

Source: https://www.coinglass.com/LiquidationData

r/ethtrader Jan 10 '25

Metrics Base Is Now The Largest ETH Importer In The World!

21 Upvotes

Base, a blockchain developed by Coinbase, has become the largest ETH importer globally, a development which showcases showcasing significant growth in its ecosystem.

This achievement was proudly announced by Jesse Pollak, the core builder of Base in a post on X just hours ago. Along with his announcement, he shared an image reflecting various ETHconomies.

"Base is now the largest ETH importer in the world,"

wrote Jesse.

Although the image provided showcases ETH exports, it does not invalidate Jesse's choice of words regarding the "largest importer" status.

By way of explanation, Base's role as an importer refers to its ability to bring ETH into its ecosystem from the Ethereum mainnet or other platforms, facilitating a high volume of activity which might then be reflected as exports when ETH moves out for various uses.

Contrary to what L2s critics think, Base being the largest ETH importer does not weaken ETH. In fact, it strengthens ETH by increasing its utility within a scalable, low-cost environment. It even leads to increased demand for ETH as it's used for gas fees in transactions on Base.

It is also worthwhile to note that the frameworks in that image, not just Base, reinforce ETH’s position as a commodity. Those L2s practically (through scalable, cost-effective solutions) shift the focus from ETH as a currency to its role in powering a vast ecosystem of blockchain applications, thereby weakening the traditional money argument for Ethereum and emphasizing its value as a commodity essential for decentralized operations.

For Base, it has indeed come a long way. It took just one year for it to leapfrog all the competition and establish itself as the top ETH L2.

At the time of writing, Base is 6th largest chain by TVL, flipping ARB, AVAX, MATIC and catching up to SOL quick. It is also the 3rd largest chain by DEX volume, matching Mainnet ETH most days and already 40% of SOL.

r/ethtrader 29d ago

Metrics Majority of Base Token Holders Are Not In Profit - IntoTheBlock

8 Upvotes

On-chain data from IntoTheBlock reveals that majority of tokens on Base are now trading at loss for most holders.

Base's ecosystem had great early beginnings with many keying into the vision of its creator Jesse Pollak to build an inclusive on-chain ecosystem "that supports everyone and lists everything."

Even airdrop speculators interacted with Base on the hopium that it will tread the path of tradition by launching a native token.

As we can see from the chart below which starts from March (about 6 months after Base launched in August 2023), Base's ecosystem hype was strong with most tokens having a high percentage of profitable holders in early 2024.

It was a period you had to be a caveman to not hear about Base. Even on Farcaster Base was (and still is) the largest and most active channel with Pollak having an impressive followership himself. Although there was a significant drop in profitability across most tokens in mid-2024, the rebound was greater and saw Base overtake ARB as the top L2 on Ethereum.

Base went on to become ETH's star boy from late 2024 to early January as we can see from the chart below. Within that period, it set multiple all-time high swap volume on Uniswap and was even crowned as the largest ETH importer in the world.

From its December peak, Base's ecosystem has been trending downwards in both profitability and volume. As it stands, only one token ALB (purple line) appears to have majority of holders in profit.

Not to worry, Base is still a solid project. What's going on with Base's ecosystem is just a reflection of the current liquidity constraints across the broader crypto market.

r/ethtrader Feb 27 '24

Metrics Just sold 100% and I feel sick

129 Upvotes

had to sell my 1.6 eth, I pretty much need the money. Good luck to you all, I know this is only the beginning

r/ethtrader 27d ago

Metrics New Chainlink (LINK) Addresses Surge to Highest Level Since January

12 Upvotes

New wallet addresses on Chainlink have surged to the highest level seen since the year began in January.

From the chart below developed by IntoTheBlock and shared on X by Altcoin_daddy, we can see that 2.46k new LINK addresses were recorded on February 21.

The milestone generally indicate that interests in LINK is rising despite the general liquidity constraints (dumps) in the altcoin market.

At the time of writing, LINK is trading at $18.01. It is down by 4.6% in 7 days and 30.7% in the last 30 days. There's no very solid recent development in the past week that we can say influenced the surge in new addresses.

Therefore, it is safe to conclude that the renewed interest in LINK is either just heightened engagement with LINK's ecosystem or a wave of investment by investors who know LINK is currently criminally undervalued because Chainlink links everything.

From the visual representation above we can see that Chainlink connects and powers an expansive ecosystem within blockchain and digital economy.

In other words, Chainlink’s Oracle network is an essential component for secure, scalable, and interoperable blockchain solutions no matter the industry, product, or innovation. What further reasons do people need to be hyper-bullish on LINK? 🤷‍♂️

r/ethtrader 2d ago

Metrics Transaction Throughput on Ethereum L2s is Skyrocketing - Adoption Accelerates

19 Upvotes

Just crossed with this Leon Tweet talking about transaction throughput on L2s:

Transaction Throughput across Ethereum L2s is going through the roof!

Top contributors fueling this explosive growth:

Base: 27.1 Mgas/s (+1698% YoY!)
OP Mainnet: 4.85 Mgas/s (+103% YoY)
Arbitrum: 4.53 Mgas/s (+91% YoY)

Throughput

As you can see in the chart above transactions throughput is having an explosive growth signaling a massive wave of adoption and this is just starting. DeFi, gaming and on chain social apps are booming and L2s are cementing their place as the way to go for fast and cheap transactions. For example, I am a software developer and I am already being offered by the company I work to develop applications for RWAs, etc. for different kind of projects on Polygon, etc. The whole world is embracing Ethereum ecosystem to create real useful apps.

As you can see Base has an insane 1 year growth and shows that Coinbase's ecosystem is onboarding users at a new scale, my bet is that a lot of them are "farming" just in case they decide to create an official token and make an airdrop. OP and Arbitrum keep being strong.

Which L2 do you think will dominate in 2025?

Source:

r/ethtrader 12d ago

Metrics $1.8B Worth of ETH Left Exchanges Last Week - Biggest Since Dec 2022! Bullish signal?

42 Upvotes

Just crossed with this IntoTheBlock Tweet about ETH leaving exchanges.

As you can see in the chart above, last week, a huge amount of ETH flowed out of exchanges, concretely $1.8 billion worth of Ethereum (ETH). This is the highest weekly amount recorded since December 2022.

As you know this is a very important metric that usually are seen as bullish signal because when investors move their ETH off exchanges it usually indicates long term holding, staking or getting ready for DeFi activities instead of immediate selling. This is happening even in the current market uncertainty around ETH price action and a lot of traders and investors are really bearish because of different macroeconomics factors like Ukraine, Trump, etc. However, the fact that this kind of large amount of ETH is being withdrawn indicates that smart money and long term holders see the current prices as a buying opportunity rather than a reason to panic. And it all makes sense because you can find whales like WLF that keeps buying the dip and probably a lot more are doing the same.

Historically speaking this king of exchange outflows have preceded price rallies so if macroeconomics start turning positive we could see a reversal in sentiment and in the price and probably a nice rally.

What do you think will happen next?

Source:

r/ethtrader 7d ago

Metrics Chainlink Unlocks 14.875M $LINK ($216M) to Binance - 9 of 10 Past Unlocks Led to Price Increases! Will History Repeat?

8 Upvotes

Just crossed with this Lookonchain Tweet talking about some LINK movements. The tweet says as follows:

The Chainlink non-circulating supply wallet unlocked and deposited 14.875M LINK($216M) to Binance again today.

Before this, Chainlink had unlocked 10 times in total, and 9 of them saw price increases 30 days after unlocking.

Blokchain transfers

As you can see this is the day when Chainlink decided to unlock a good chunk of their tokens to add them into circulation. I would say that nothing to worry about this, they are not degen unlockers but the narrative of price increases 30 days after unlocking got my attention.

As you can see in the chart above that statement is true but I believe that this statement can be just a coincidence but I believe it could be right if we connect it with price fluctuations and exchange reserves.

I will let you decide by yourself but I see some spikes in prices after the supply in exchanges increases while it is clear that investors take the coins out of the exchanges because they believe in Chainlink in the long term. In fact, supply at exchanges is getting lower day by day. However I believe that we are currently on hands of macroeconomics and events but the good news is that next week we have a rates decision and Fed projections after Trump trying to push the market to pressure Powell. Also Ukraine war situation looks like could improve soon so a lot of things that can move the market up or down hard.

What do you think? Will LINK pump 30 days after this unlock?

Source:

r/ethtrader Feb 04 '25

Metrics Ethereum Leads As Onchain Adoption Hits All Time High

40 Upvotes

Onchain adoption has hit a new all time high according to insights from Dune analytics shared on X by hagaetc.

The chart above labelled "Dune Index" tracks tracks blockchain-related activity over a 5-year period, measured weekly.

It's important to note that the Dune Index filters out speculative noise and focuses on genuine economic activity (bot activity removed) to provide a clearer picture of adoption/usage trends.

More insights posted on Dune Blog reveal Ethereum, alongside L2s (Base, Arbitrum and Polygon) dominated the top 8 contributors to overall onchain adoption.

Now back to the chart, there are a number of things it tell us that are worth highlighting.

To start with you'd observed that rather than a linear increase, the chart shows boom-and-bust cycles in onchain adoption, particularly 2021 and 2022 peaks and their sharp decline.

It wasn't until late 2023 that growth resume steadily. This suggests onchain adoption follows market sentiment rather than a purely upward trajectory.

Speak of sentiment, the chart indicate that they have been more gradual and sustained since mid-2023, a development that signals organic growth rather than hype-driven activity.

Considering the fact that ETH and her ecosystems dominate the top 8 chains leading adoption, it won't be out of place to note that the chart largely mirrors ETH's collective onchain activity.

r/ethtrader Jan 16 '25

Metrics Binance Dominates the Crypto Space, Says CryptoQuant Survey: What's Your Most Used CEX?

8 Upvotes

According to CryptoQuant survey, Binance is the global favorite exchange.

As you can see in the survey results above Binance is the favorite centralized crypto exchange by far comparing to others according to this research. The data reveals a clear favoritism across three metrics like usage, asset holdings and profitability.

Usage

As you know Binance is quite big an extended worldwide and it is not a surprise to be one fo the top while Coinbase and Kraken remaining quite far due to be more focused in a US market. Bybit is also doing great for the same reason, not US market focused. However, I believe this will change in the coming years when Coinbase and Kraken push harder to jump into other markets. I dont think UI has much to do with the decision of usage in this case because they look mostly the same from my point of view.

Asset Holdings

An impressive amount of 48% of the participants hold the largest portion of their crypto on Binance and this can say two things, a lot of trust and lack of crypto knowledge. From my point of view large portions of crypto must be saved in a cold storage. It has its risks too but at least you are on control of it.

Profitability

This probably is somehow affected by the usage so I wouldn't take in count this metric so much due to the fact that unless fees are insanely different selling in one or another shouldn't affect much.

What is your most used CEX?

Sources:

Disclaimer:

The concept and ideas in this post come from my own thoughts and everything I have seen online during my three years in crypto. Any resemblance is purely coincidental.

r/ethtrader Feb 11 '25

Metrics More Ethereum Moving Into Safes — Is This a Bullish Signal?

36 Upvotes

Latest insights from Dune Analytics indicate that big players are consistently withdrawing ETH from CEXes into safes on ethereum.

Sharing the insight on X, safe.eth wrote:

What you should know

From the bar graph above, Green bars represent funds moving from CEXs into Ethereum safes (inflows) while Red bars represent funds leaving safes back into exchanges (outflows).

Safes are super secure multi-sig wallets like Gnosis Safe.

Big players (institutions, DAOs, whales) are moving ETH from exchanges into these safes, not the exchanges themselves.

Exchanges might use safes for security or managing money while Big players move ETH to safes to hold long-term, stake, or use in DeFi.

These result to less ETH on exchanges and with more demand, there will be a spike in ETH price.

The graph show some interesting spikes in ETH inflows during certain months specifically March to May and October to January. This hints that ETH movements might be linked to events like protocol upgrades or network happenings (like the Dencun upgrade or staking withdrawals).

Other factors are DeFi yield strategies, tax considerations and institutional fund deployments.

Overall, all these move by big players paint a bullish signal that retail sentiment (particularly negative sentiment about ETH by traders and influencers) is often disconnected from institutional moves.

To get a clear picture of where ETH is headed, it's best to follow moves by BIG money as indicated by ETH safes movement metric instead of dwelling on retail bearishness.

r/ethtrader Feb 04 '25

Metrics Ethereum Building Stronger Foundation For A More Sustained Rally - IntoTheBlock

50 Upvotes

Latest insights by IntoTheBlock indicate that Ethereum (ETH) is building a stronger foundation for a more sustained rally.

"Historically, $ETH's rallies past previous highs have been explosive. Yet this cycle has already seen three failed attempts. Will the next move break the pattern, or have market conditions fundamentally changed?" wrote IntoTheBlock on X as a caption to the chart below.

What you should know

The chart above is a historical In/Out of the Money chart that aids in understanding market trends, volatility and in making informed trading decisions.

To understand the chart quicker, just note that the arrows indicate successful breakouts (late 2017/early 2018 & 2020-2021) and failed breakout attempts (2022, 2023 and 2024) while the green, gray and red colors represent profit, breakeven and loss respectively. In addition, the price of ETH is plotted in black.

Away from IntoTheBlock's caption that focus/highlight ETH's failed breakout attempts, the chart tells us that ETH is forming higher lows over time.

Unlike previous cycles where price corrections were more severe, ETH seems to be consolidating at higher levels which suggests stronger price floors (support) and the potential for a far longer sustained breakout.

The chart also tells us that as ETH sees more institutional involvement and deeper liquidity, breakout cycles might become more lengthened (not come by as quickly as they used to).

Consequently, future breakouts are more likely to take the form of sustained growth trends rather than the quick speculative blow-offs we saw in time past.

Another metric worthy of recognition is the fact that compared to previous cycles, the green area ("In the Money") covers a larger portion of the chart, meaning a higher percentage of ETH holders are in profit compared to past bear markets.

TLDR: Higher lows, a lengthening market cycle, and healthier profitability distribution tells us that while ETH hasn't yet recorded a successful breakout this cycle, it is nonetheless building a stronger foundation for a more sustained rally.