53% of Ethereum (ETH) Addresses Are Currently Operating at a Loss

Around 53% of Ethereum (ETH) addresses are currently operating at a loss as broader market volatility continues to take a toll on ETH's price.

Around 53% of Ethereum (ETH) addresses are currently operating at a loss as broader market volatility continues to take a toll on ETH’s price.

The second-largest cryptocurrency by market capitalization is grappling with a challenging period worsened by macroeconomic challenges.

Majority of Ethereum Addresses Hit by Losses

In a recent post on X (formerly Twitter), CryptoRank shared that less than half of Ethereum addresses are profitable.

“47% of addresses holding ETH are in profit at the current market price of $1,900.”

In another recent post, the crypto analytics firm shared that 86% of Bitcoin (BTC) holders are in profit.

Credit: CryptoRank

Meanwhile, Bitget Token (BGB) saw the highest percentage of its token holders in profit at 95%.

However, less than half of Ethereum addresses are in profit at the current market price of $1,900.

The Stellar (XLM) token is also in the green with 64% of its addresses currently in profit.

Further, Bitget Token (BGB) saw the highest percentage of its token holders in profit at 95%.

At the time of writing, BTC trades at $52,266.00.

Nonetheless, Bitcoin is in a better position compared to Ethereum.

Over the past year, ETH’s price has fallen by 52.8%. Its value has been steadily decreasing since December 2024.

Moreover, amid escalated recession fears, the altcoin dropped to lows not seen since late 2023.

This drop sparked a wave of sell-offs as traders sought to minimize losses. As BeInCrypto reported earlier, Ethereum whales liquidated significant ETH holdings to avoid liquidations.

ETH’s struggles are highlighted further by its performance over the past week. While the broader cryptocurrency market saw a decline of 11.0%, Ethereum faced greater challenges with a 13.5% drop.

Alongside the price, Ethereum exchange-traded funds (ETFs) also showcased a similar picture.

Data from Soso Value shows that the ETFs saw continuous withdrawals for the past two weeks. Moreover, on March 11, the total net outflow was $21.5 million.

Despite this, Ethereum co-founder Joseph Lubin expressed optimism about the future of crypto.

“Perhaps never been more bullish after the recent shakeout and much needed resets,” Lubin stated.

While noting the recent pessimism and the US government’s role in the crypto market crash, Lubin believes these actions will help the country become more focused and agile.

He sees this as a chance for decentralized protocols like Ethereum to operate more freely and thrive.

Lubin predicts that 2025 will be a pivotal year for the crypto space.

It is worth noting that today, positive political developments contributed to a modest recovery in the crypto market.

ETH also benefitted with a 0.12% increase in the last 24 hours, bringing it to $1,899.

Aside from the price movement, Ethereum’s supply on exchanges signals a decrease in selling pressure.

Ethereum’s exchange reserves have fallen to their lowest level in years, indicating that fewer holders are willing to sell their assets.

This could lead to reduced downward pressure on the price and potentially set the stage for future growth.

“This is typically a leading bullish indicator. Short squeeze incoming!” an analyst wrote on X.

However, whether this will materialize into a lasting trend or remain short-term remains to be seen.