The most recent figures could signal that large ETH investors have dumped some of their holdings in the past several months, while others are not quite certain about a potential price expansion and prefer not to increase their possessions beyond that level.
According to a Matrixport analysis , Ether is poised for a decline in the near future based on several factors, such as FTX’s creditors plan to sell billions in crypto assets, including ETH. The former crypto behemoth holds at least $90 million worth of the coin Injecting that amount into the market could trigger a supply shock, possibly pushing the price south.lately. Its most current level was approximately 53.5% or an 8-month-low.
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