Data Says HODL! People Are Trading Ether More, Bitcoin Less

Ether (ETH) is trading at its highest since before the March coronavirus crash, but data suggests that investors have little interest in holding the second-largest cryptocurrency by market capitalization.

Uploading findings using on-chain monitoring resource Glassnode on July 10, one trader noticed that Ether exchange balances remain high, while Bitcoin (BTC) balances have dropped considerably.

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  • bitcoinBitcoin (BTC) $ 59,945.00 2.49%
  • ethereumEthereum (ETH) $ 2,338.30 3.5%
  • binance-coinBinance Coin (BNB) $ 514.15 1.63%
  • xrpXRP (XRP) $ 1.56 6.74%
  • tetherTether (USDT) $ 0.996520 0.32%
  • cardanoCardano (ADA) $ 1.37 3.92%
  • polkadotPolkadot (DOT) $ 42.68 2.25%
  • dogecoinDogecoin (DOGE) $ 0.270412 22.76%
  • litecoinLitecoin (LTC) $ 304.94 0.28%
  • bitcoin-cashBitcoin Cash (BCH) $ 1,015.20 6.17%
  • uniswapUniswap (UNI) $ 34.72 4.69%
  • chainlinkChainlink (LINK) $ 40.24 3.23%
  • vechainVeChain (VET) $ 0.226091 8.51%
  • stellarStellar (XLM) $ 0.592808 3.41%
  • theta-tokenTheta Network (THETA) $ 13.16 4.82%
  • usd-coinUSD Coin (USDC) $ 0.994769 0.18%
  • filecoinFilecoin (FIL) $ 176.97 1.89%
  • tronTRON (TRX) $ 0.156972 4.56%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 60,161.00 2.35%
  • eosEOS (EOS) $ 7.80 4.92%
  • bitcoin-svBitcoin SV (BSV) $ 376.47 14.57%
  • solanaSolana (SOL) $ 25.88 0.46%
  • klay-tokenKlaytn (KLAY) $ 2.85 1%
  • iotaIOTA (MIOTA) $ 2.36 1.84%
  • neoNEO (NEO) $ 91.65 8.82%
  • moneroMonero (XMR) $ 359.50 5.93%
  • bittorrent-2BitTorrent (BTT) $ 0.009634 17.45%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.250533 7.27%
  • binance-usdBinance USD (BUSD) $ 0.994987 0.17%
  • cosmosCosmos (ATOM) $ 24.71 4.89%
  • terra-lunaTerra (LUNA) $ 15.17 3.7%
  • compound-ethercETH (CETH) $ 47.18 3.22%
  • tezosTezos (XTZ) $ 7.06 3.66%
  • aaveAave (AAVE) $ 421.60 6.51%
  • ethereum-classicEthereum Classic (ETC) $ 39.25 0.03%
  • okbOKB (OKB) $ 18.21 7.15%
  • algorandAlgorand (ALGO) $ 1.69 11.64%
  • ftx-tokenFTX Token (FTT) $ 51.26 4.59%
  • avalanche-2Avalanche (AVAX) $ 34.07 5.31%
  • nemNEM (XEM) $ 0.457512 4.55%
  • kusamaKusama (KSM) $ 448.00 0.6%
  • compound-usd-coincUSDC (CUSDC) $ 0.021869 0.1%
  • dashDash (DASH) $ 368.57 0.57%
  • elrond-erd-2Elrond (EGLD) $ 210.75 0.52%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 23.12 1.29%
  • cdaicDAI (CDAI) $ 0.021336 0.04%
  • thorchainTHORChain (RUNE) $ 14.63 2.44%
  • holotokenHolo (HOT) $ 0.019210 6.27%
  • huobi-tokenHuobi Token (HT) $ 18.99 6.86%
  • daiDai (DAI) $ 0.997282 0.16%
  • chilizChiliz (CHZ) $ 0.617153 4.96%
  • zcashZcash (ZEC) $ 288.51 10.46%
  • havvenSynthetix Network Token (SNX) $ 20.62 2.01%
  • makerMaker (MKR) $ 3,390.33 4.66%
  • decredDecred (DCR) $ 233.10 6.35%
  • enjincoinEnjin Coin (ENJ) $ 2.96 1.06%
  • hedera-hashgraphHedera Hashgraph (HBAR) $ 0.343210 3.6%
  • compound-governance-tokenCompound (COMP) $ 536.60 9.44%
  • zilliqaZilliqa (ZIL) $ 0.217150 2.46%
  • celsius-degree-tokenCelsius Network (CEL) $ 6.57 1.53%
  • siacoinSiacoin (SC) $ 0.052180 25.86%
  • the-graphThe Graph (GRT) $ 1.94 4.25%
  • blockstackStacks (STX) $ 2.23 7.81%
  • sushiSushi (SUSHI) $ 15.51 5.87%
  • basic-attention-tokenBasic Attention Token (BAT) $ 1.48 1.58%
  • leo-tokenLEO Token (LEO) $ 2.26 1.35%
  • matic-networkPolygon (MATIC) $ 0.403319 4.69%
  • nearNear (NEAR) $ 5.83 4.72%
  • decentralandDecentraland (MANA) $ 1.47 17.57%
  • nexoNEXO (NEXO) $ 3.56 5.33%
  • digibyteDigiByte (DGB) $ 0.132631 13.78%
  • bitcoin-goldBitcoin Gold (BTG) $ 107.83 4.16%
  • ontologyOntology (ONT) $ 2.30 0.95%
  • amp-tokenAmp (AMP) $ 0.051065 5.78%
  • ravencoinRavencoin (RVN) $ 0.210774 2.26%
  • qtumQtum (QTUM) $ 17.41 4.41%
  • terrausdTerraUSD (UST) $ 0.999592 0.25%
  • yearn-financeyearn.finance (YFI) $ 48,769.00 0.35%
  • umaUMA (UMA) $ 27.96 1.46%
  • huobi-btcHuobi BTC (HBTC) $ 60,019.00 2.39%
  • 0x0x (ZRX) $ 2.06 0.41%
  • iconICON (ICX) $ 2.67 2.02%
  • wavesWaves (WAVES) $ 15.60 4.27%
  • fei-protocolFei Protocol (FEI) $ 0.755147 1.11%
  • iostokenIOST (IOST) $ 0.081018 7.43%
  • wazirxWazirX (WRX) $ 3.43 2.35%
  • xdce-crowd-saleXDC Network (XDC) $ 0.113740 7.83%
  • harmonyHarmony (ONE) $ 0.147329 3.85%
  • reserve-rights-tokenReserve Rights Token (RSR) $ 0.103772 8.06%
  • nanoNano (NANO) $ 10.03 78.72%
  • bancorBancor Network Token (BNT) $ 7.52 3.05%
  • zencashHorizen (ZEN) $ 120.10 7.75%
  • ankrAnkr (ANKR) $ 0.182452 6.16%
  • omisegoOMG Network (OMG) $ 9.39 4.33%
  • fantomFantom (FTM) $ 0.514565 18.56%
  • flowFlow (FLOW) $ 35.16 1.64%
  • ecomiECOMI (OMI) $ 0.007572 2.25%
  • winkWINk (WIN) $ 0.001603 5.61%
  • heliumHelium (HNT) $ 14.57 1.25%
  • dentDent (DENT) $ 0.012094 8.16%
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