Analyst: 97% of ETH Holding Addresses in Profit, Signaling Significant Selling Pressure Ahead

By: theblockbeats.news|2025/08/11 20:32:02
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BlockBeats News, August 11th, Coindesk analyst Omkar Godbole stated that the recent surge in Ethereum (ETH) price has brought the vast majority of holders into a profitable position, which could slow down its upward momentum. According to blockchain analytics firm Sentora, currently 97% of ETH addresses are in a "profitable state," meaning the average holding cost of these addresses is below the current ETH price of $4,225 (at the time of the news release, it was $4,180).

Such a high profitability rate suggests that the market may face significant selling pressure. On-chain data from Glassnode shows that ETH profit-taking activity is accelerating—the daily on-chain realized profit, measured by a 7-day simple moving average, has risen to $553 million, which is lower than the peak of $771 million in July 2024 but is showing a clear upward trend.

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