Glassnode report: ETH long-term holders unwilling to sell at current prices
According to Odaily Planet Daily, a market analysis report released by Glassnode pointed out that although many long-term ETH holders already have sufficient profit margins, they do not seem willing to sell in large quantities at the current price and are still waiting for a better selling position. When analyzing Ethereum's market value to realized value ratio (MVRV) indicator, the report stated that the total average cost of ETH short-term holders (within 155 days) is $3,000, and a new market decline may trigger panic among these entities.
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