cryptd.in

Alternatieve LinkedIn voor cryptovriendelijke talenten

Ethereum’s Underwater Supply Matches Post-FTX Capitulation Bottom

-

door

cryptd.in
in

Ethereum’s latest drawdown has pushed a major share of ETH supply back underwater, with Glassnode data cited by market trackers showing supply held at an unrealized loss near levels last seen around the post-FTX capitulation period.

TL;DR

  • Glassnode’s ETH supply-in-loss metric is being watched as a capitulation signal.
  • The reading has been compared with the painful post-FTX bottom zone from November 2022.
  • A high underwater supply does not guarantee a bounce, but it can show seller exhaustion.
  • ETH bulls still need price confirmation before treating the setup as a durable bottom.

Ethereum Supply In Loss Moves Back Into Focus

The key data point is Glassnode’s ETH supply in loss chart, which tracks the amount of Ethereum supply held below its on-chain cost basis. When this number rises sharply, it means more coins are sitting at an unrealized loss, often after a steep market reset.

That makes the current reading important for traders watching whether Ethereum is entering another capitulation-style zone. The comparison with the post-FTX period is especially sensitive because November 2022 marked one of the harshest sentiment resets in crypto’s recent history. Back then, forced selling, exchange fear, and widespread investor losses helped form a painful but ultimately important market base.

Why Underwater Supply Can Matter

Supply in loss is not a magic bottom indicator. It does not tell traders that ETH must rebound immediately, and it does not remove macro risk. What it can show is the scale of pain already embedded in the market. When a large share of holders are underwater, two things can happen: weaker hands continue to sell into pressure, or sellers become exhausted because much of the speculative excess has already been flushed out.

That is why on-chain metrics are most useful when combined with price structure. If Ethereum starts reclaiming key levels while supply in loss remains elevated, the setup can point to accumulation. If price keeps breaking lower, the same data simply confirms that stress is still spreading.

The Post-FTX Comparison Is Powerful, But Needs Care

The post-FTX comparison is emotionally powerful because that period turned into a major market low. But it would be too simple to say the same thing must happen again. Ethereum’s market structure is different now, liquidity conditions are different, and institutional exposure to crypto has changed.

The more useful read is that ETH is again in a zone where long-term investors may start paying closer attention. High underwater supply can create poor short-term sentiment, but it can also leave less room for panic if the most fragile holders have already capitulated.

What Traders Are Watching Next

For traders, the next confirmation will come from price, not the metric alone. ETH needs to stabilize, reclaim lost support, and show stronger spot demand before the underwater-supply signal becomes more constructive. Until then, the data is best read as a stress gauge rather than a standalone buy signal.

Still, this is the kind of on-chain setup that matters. When the market looks bleak and a large share of supply is underwater, the next move often says a lot about whether investors are still distributing or whether a more durable base is beginning to form.

This article was written by the News Desk and edited by Samuel Rae.

Originally tracked by Glassnode at Glassnode

Reacties

Geef een reactie

Je e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Nieuwste feeds

Populaire categorieën

nl_NL Nederlands
nl_NL Nederlands en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Zoeken op de website

Populaire verhalen

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (448) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrijs (5) #BitcoinPrijsniveau (1) #BitcoinPomp (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCovername (1) #BullishVoorspelling (1) #BullishSentiment (1) #ChineseMijnbouw (1) #CPIPBekijken (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #Cryptomarkt (4) #CryptoVoorspelling (1) #CryptoVoorspellingen (1) #CryptoRegulering (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoOnzekerheid (1) #DerivatiefJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (73) #EthereumPijn (1) #EthereumPrijs (1) #ExpertOpinie (1) #FedRateCut (1) #FiatValuta (1) #FinanciëleInvloed (1) #FinanciëlePrivacy (1) #FirmShutdown (1) #FrozenRekeningen (1) #IllicitFunds (1) #InflatieData (1) #Investering (1) 1TP5Beleggingsverlies (1) #JapanseFirma (1) #Gerechtelijke actie (1) #Gerechtelijke gevolgen (1) #Wetgeving (1) #Bliksemnetwerk (1) #Mmarktanalyse (3) #Marktmonitoring (1) #MarktVoorspelling (1) #MarktVoorspellingen (1) #MarktProjectie (1) #Marktondersteuning (1) #MarktVolatiliteit (1) #M Huwelijk (1) #MemeCoin (5) #MemeCoins (2) #Mijnwinstgevendheid (1) 1TP5Geld witwassen (2) #MtGox (4) #Noord-KoreaCrypto (1) #NovogratzVoorspelling (1) 1TP5PrijsMijlpaal (1) 1TP5PrijsVoorspelling (2) 1TP5PrijsVraag (1) 1TP5Prijsstijging (1) #PgevangenisVeroordeling (1) #QuantAnalyse (1) #Regeldruk (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #TechnischeAnalyse (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashOntwikkelaar (1) #UKCrypto (1) #UpsidePotentieel (1) #USCongres (1) #WyomingLand (1) #XRPrijs (1) #XRPupswing (1)

Handige koppelingen

Links die ik nuttig vond en wilde delen.