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The analyst firm called Glassnode posted on Twitter that the Ethereum balances on the cryptocurrency exchanges reached a minimum level of 20 months because the ETH price remains over 2,000 USD.
Posted 14 hours ago on Twitter:
Investors continue to move ETH to cold stores
According to recent tweets distributed by Glassnode, users have actively withdrawn ETH from encryption exchanges.
The release of the second largest cryptocurrency reached a one-month high of 20,422,908 ETH (seven-day average), which equates to $ 41,595,132.
See here:on Twitter
Meanwhile, ETH balances on cryptocurrency trading platforms fell to a 20-month low of 14,605,497,262 ETH, equivalent to $ 29,735,185,820.
On Twitter:
↪️In addition, the number of ETH transactions increased to the highest level in a month, totaling 52,239,506.
The second-largest digital asset rose more than $ 2,000 last Friday, around the same time that Bitcoin rose more than $ 60,000.
ETH also hit a new all-time high of $ 2,152 on the same day, up nearly 20% from the previous week.
The main factor that led ETH to a record level was the revelation of its investment in ETH by billionaire Mark Cuban.
Specifically, Mr. Cuban allocated 60% of his Bitcoin portfolio, 30% Ethereum, and the rest altcoins. Other institutional investors are also showing a growing interest in Ethereum and Bitcoin - through investment funds such as Grayscale.
👉 Grayscale currently owns 3.17 million ETHs. In addition, phase 0 of ETH 2.0 continues to rise, as the total value of ETH locked in the deposit contract reaches USD 7,658,232,113.59 on Saturday: a new all-time high.
Thank you for reading,
@regenerette - a simple life traveler
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Thank you for this insightful information. It's good to keep your finger on the pulse in these exciting times!
@jacoalberts, it's so good to see people like you who read the article and engage. Thank you for this. I hope to see you around more.
I enjoyed reading the article! See you around!
@jacoalberts, I am glad you did!