This on-chain indicator may spell trouble for the 88% of Ethereum investors who are underwater
Data shows that a whopping 88 percent of Ethereum investors are currently underwater on their investment, with the crypto’s massive decline from its all-time highs leaving a trail of financial destruction in its wake.
This figure, although already shockingly large, may balloon even more in the weeks ahead, as some grim on-chain data suggests that ETH may be positioned to see some further bearishness in the days and weeks ahead.
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