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) $ 40,166.00 1.73%
  • ethereumEthereum (ETH) $ 2,757.37 1.41%
  • tetherTether (USDT) $ 1.00 0.06%
  • binance-coinBinance Coin (BNB) $ 333.42 0.38%
  • cardanoCardano (ADA) $ 1.37 0.98%
  • xrpXRP (XRP) $ 0.728725 0.02%
  • usd-coinUSD Coin (USDC) $ 0.998460 0.3%
  • dogecoinDogecoin (DOGE) $ 0.198725 0.83%
  • polkadotPolkadot (DOT) $ 18.56 3.44%
  • uniswapUniswap (UNI) $ 24.82 5.58%
  • binance-usdBinance USD (BUSD) $ 0.995541 0.64%
  • chainlinkChainlink (LINK) $ 23.29 2.91%
  • bitcoin-cashBitcoin Cash (BCH) $ 544.29 0.57%
  • litecoinLitecoin (LTC) $ 145.83 3.32%
  • solanaSolana (SOL) $ 35.74 4.08%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 40,293.00 2.07%
  • theta-tokenTheta Network (THETA) $ 6.96 13.05%
  • matic-networkPolygon (MATIC) $ 1.04 1.93%
  • ethereum-classicEthereum Classic (ETC) $ 51.68 0.91%
  • stellarStellar (XLM) $ 0.275755 0.36%
  • terra-lunaTerra (LUNA) $ 14.24 5.45%
  • vechainVeChain (VET) $ 0.089902 0.04%
  • filecoinFilecoin (FIL) $ 59.61 5.22%
  • internet-computerInternet Computer (ICP) $ 40.73 3.66%
  • daiDai (DAI) $ 1.00 0.15%
  • okbOKB (OKB) $ 20.26 7.48%
  • compound-usd-coincUSDC (CUSDC) $ 0.022160 0.1%
  • tronTRON (TRX) $ 0.070242 0%
  • aaveAave (AAVE) $ 360.47 0.67%
  • moneroMonero (XMR) $ 252.57 2.32%
  • compound-ethercETH (CETH) $ 55.72 2.42%
  • ftx-tokenFTX Token (FTT) $ 39.65 5.31%
  • cdaicDAI (CDAI) $ 0.021622 0.17%
  • eosEOS (EOS) $ 4.14 0.98%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 17.12 1.4%
  • cosmosCosmos (ATOM) $ 12.73 1.71%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.126864 2.16%
  • the-graphThe Graph (GRT) $ 0.673170 0.21%
  • shiba-inuShiba Inu (SHIB) $ 0.000006 1.55%
  • neoNEO (NEO) $ 43.04 1.3%
  • makerMaker (MKR) $ 3,186.89 8.4%
  • leo-tokenLEO Token (LEO) $ 3.00 0.39%
  • amp-tokenAmp (AMP) $ 0.059069 3.39%
  • klay-tokenKlaytn (KLAY) $ 1.07 0.38%
  • tezosTezos (XTZ) $ 3.16 0.62%
  • algorandAlgorand (ALGO) $ 0.826843 0.6%
  • bitcoin-svBitcoin SV (BSV) $ 138.84 0.05%
  • celsius-degree-tokenCelsius Network (CEL) $ 6.00 1.83%
  • compound-governance-tokenCompound (COMP) $ 453.98 0.49%
  • iotaIOTA (MIOTA) $ 0.846648 1.9%
  • bittorrent-2BitTorrent (BTT) $ 0.003555 3.19%
  • avalanche-2Avalanche (AVAX) $ 13.52 1.04%
  • axie-infinityAxie Infinity (AXS) $ 41.61 3.15%
  • quant-networkQuant (QNT) $ 171.47 0.21%
  • thorchainTHORChain (RUNE) $ 7.86 0.85%
  • elrond-erd-2Elrond (EGLD) $ 107.32 0.82%
  • terrausdTerraUSD (UST) $ 0.999589 0.45%
  • staked-etherLido Staked Ether (STETH) $ 2,762.47 2.5%
  • hedera-hashgraphHedera Hashgraph (HBAR) $ 0.213391 0.4%
  • kusamaKusama (KSM) $ 213.09 0.09%
  • huobi-tokenHuobi Token (HT) $ 10.83 3.97%
  • decredDecred (DCR) $ 136.50 0.77%
  • sushiSushi (SUSHI) $ 9.15 5.22%
  • theta-fuelTheta Fuel (TFUEL) $ 0.309927 2.45%
  • havvenSynthetix Network Token (SNX) $ 10.02 3.82%
  • dashDash (DASH) $ 163.66 0.37%
  • huobi-btcHuobi BTC (HBTC) $ 40,295.00 2.42%
  • wavesWaves (WAVES) $ 16.06 0.03%
  • nemNEM (XEM) $ 0.166475 0.27%
  • chilizChiliz (CHZ) $ 0.261596 0.63%
  • blockstackStacks (STX) $ 1.32 0.61%
  • zcashZcash (ZEC) $ 118.06 0.69%
  • enjincoinEnjin Coin (ENJ) $ 1.39 0.72%
  • safemoonSafeMoon (SAFEMOON) $ 0.000002 0.62%
  • heliumHelium (HNT) $ 13.18 1.61%
  • true-usdTrueUSD (TUSD) $ 0.996924 0.5%
  • flowFlow (FLOW) $ 21.73 0.18%
  • bitcoin-cash-abc-2Bitcoin Cash ABC (BCHA) $ 63.16 8.77%
  • yearn-financeyearn.finance (YFI) $ 32,377.00 0.01%
  • holotokenHolo (HOT) $ 0.006407 2.03%
  • bitcloutBitClout (CLOUT) $ 102.36 2.15%
  • nearNear (NEAR) $ 2.44 0.26%
  • zilliqaZilliqa (ZIL) $ 0.083642 2.62%
  • nexoNEXO (NEXO) $ 1.79 0.91%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.663176 0.31%
  • telcoinTelcoin (TEL) $ 0.017100 1.68%
  • decentralandDecentraland (MANA) $ 0.720075 0.73%
  • bitcoin-goldBitcoin Gold (BTG) $ 54.40 0.45%
  • xdce-crowd-saleXDC Network (XDC) $ 0.075148 3.49%
  • paxos-standardPaxos Standard (PAX) $ 0.999182 0.18%
  • 1inch1inch (1INCH) $ 2.37 0.25%
  • bancorBancor Network Token (BNT) $ 3.66 0.98%
  • qtumQtum (QTUM) $ 7.97 0.85%
  • ethosVoyager Token (VGX) $ 3.61 8.78%
  • harmonyHarmony (ONE) $ 0.076279 1.64%
  • kucoin-sharesKuCoin Token (KCS) $ 10.17 2.53%
  • siacoinSiacoin (SC) $ 0.015981 1.55%
  • xsushixSUSHI (XSUSHI) $ 10.87 7.54%
  • digibyteDigiByte (DGB) $ 0.051706 1.01%
  • ankrAnkr (ANKR) $ 0.095597 0.8%
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