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) $ 36,806.00 5.58%
  • ethereumEthereum (ETH) $ 1,244.93 3.77%
  • tetherTether (USDT) $ 0.998188 0.12%
  • polkadotPolkadot (DOT) $ 16.79 0.2%
  • rippleXRP (XRP) $ 0.285092 4%
  • cardanoCardano (ADA) $ 0.370364 1.93%
  • litecoinLitecoin (LTC) $ 151.39 8.42%
  • bitcoin-cashBitcoin Cash (BCH) $ 497.58 5.4%
  • chainlinkChainlink (LINK) $ 21.54 7.53%
  • stellarStellar (XLM) $ 0.299261 1.68%
  • binancecoinBinance Coin (BNB) $ 44.57 7.55%
  • usd-coinUSD Coin (USDC) $ 0.999327 0.05%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 36,821.00 5.58%
  • bitcoin-cash-svBitcoin SV (BSV) $ 204.92 3.72%
  • moneroMonero (XMR) $ 153.33 0.98%
  • eosEOS (EOS) $ 2.80 3.46%
  • aaveAave (AAVE) $ 186.48 0.39%
  • tezosTezos (XTZ) $ 3.02 7.72%
  • tronTRON (TRX) $ 0.031437 5.77%
  • havvenSynthetix Network Token (SNX) $ 15.31 2%
  • cosmosCosmos (ATOM) $ 8.85 7.07%
  • nemNEM (XEM) $ 0.225933 3.86%
  • theta-tokenTheta Network (THETA) $ 2.03 2.92%
  • uniswapUniswap (UNI) $ 9.28 12.46%
  • neoNEO (NEO) $ 27.35 20.92%
  • vechainVeChain (VET) $ 0.029459 13.84%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.081249 6.48%
  • okbOKB (OKB) $ 6.54 10.52%
  • celsius-degree-tokenCelsius Network (CEL) $ 4.55 1.18%
  • compound-ethercETH (CETH) $ 24.99 3.82%
  • compound-usd-coincUSDC (CUSDC) $ 0.021445 0.01%
  • daiDai (DAI) $ 0.998482 0.1%
  • leo-tokenLEO Token (LEO) $ 1.38 0.34%
  • iotaIOTA (MIOTA) $ 0.476326 14.14%
  • makerMaker (MKR) $ 1,449.85 0.69%
  • dashDash (DASH) $ 126.98 3.64%
  • dogecoinDogecoin (DOGE) $ 0.009200 2.08%
  • binance-usdBinance USD (BUSD) $ 0.999318 0.13%
  • yearn-financeyearn.finance (YFI) $ 38,309.00 15.91%
  • zcashZcash (ZEC) $ 103.21 4.05%
  • filecoinFilecoin (FIL) $ 24.00 5.97%
  • huobi-tokenHuobi Token (HT) $ 5.46 6.78%
  • solanaSolana (SOL) $ 3.94 10.57%
  • avalanche-2Avalanche (AVAX) $ 13.17 0.7%
  • kusamaKusama (KSM) $ 110.04 12.1%
  • ftx-tokenFTX Token (FTT) $ 10.54 14.87%
  • compound-governance-tokenCompound (COMP) $ 227.71 9.9%
  • sushiSushi (SUSHI) $ 7.28 6.38%
  • ethereum-classicEthereum Classic (ETC) $ 7.81 4.25%
  • zilliqaZilliqa (ZIL) $ 0.077683 7.29%
  • cdaicDAI (CDAI) $ 0.020957 0.01%
  • the-graphThe Graph (GRT) $ 0.630285 39.49%
  • wavesWaves (WAVES) $ 7.58 3.35%
  • decredDecred (DCR) $ 56.63 1.79%
  • elrond-erd-2Elrond (EGLD) $ 40.01 6.72%
  • huobi-btcHuobi BTC (HBTC) $ 37,146.00 5.46%
  • nearNear (NEAR) $ 2.45 4.04%
  • umaUMA (UMA) $ 10.99 9.44%
  • omisegoOMG Network (OMG) $ 4.08 14.62%
  • ontologyOntology (ONT) $ 0.704305 10.8%
  • republic-protocolREN (REN) $ 0.587599 2.81%
  • loopringLoopring (LRC) $ 0.413208 9.8%
  • nanoNano (NANO) $ 3.69 11.17%
  • renbtcrenBTC (RENBTC) $ 36,770.00 5.57%
  • paxos-standardPaxos Standard (PAX) $ 0.999560 0.22%
  • thorchainTHORChain (RUNE) $ 2.00 5.68%
  • blockstackBlockstack (STX) $ 0.492266 3.45%
  • 0x0x (ZRX) $ 0.589574 8.26%
  • algorandAlgorand (ALGO) $ 0.548332 3.32%
  • iconICON (ICX) $ 0.743054 16.07%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.287104 11.49%
  • true-usdTrueUSD (TUSD) $ 0.998739 0.06%
  • hedera-hashgraphHedera Hashgraph (HBAR) $ 0.061034 8.19%
  • reserve-rights-tokenReserve Rights Token (RSR) $ 0.044170 13.8%
  • terra-lunaTerra (LUNA) $ 0.800568 1.73%
  • digibyteDigiByte (DGB) $ 0.027476 5.02%
  • nexoNEXO (NEXO) $ 0.649500 2.64%
  • iostokenIOST (IOST) $ 0.019380 9.61%
  • qtumQtum (QTUM) $ 3.28 9.97%
  • aave-linkAave LINK (ALINK) $ 21.47 5.32%
  • zencashHorizen (ZEN) $ 29.93 23.6%
  • nxmNexus Mutual (NXM) $ 47.69 3.56%
  • energy-web-tokenEnergy Web Token (EWT) $ 9.49 10.54%
  • empty-set-dollarEmpty Set Dollar (ESD) $ 0.583214 6.45%
  • bitcoin-cash-abc-2Bitcoin Cash ABC (BCHA) $ 15.75 2.16%
  • ampleforthAmpleforth (AMPL) $ 1.07 19.95%
  • swissborgSwissBorg (CHSB) $ 0.305260 3.43%
  • curve-dao-tokenCurve DAO Token (CRV) $ 1.48 0.39%
  • husdHUSD (HUSD) $ 1.00 0.28%
  • ethosVoyager Token (VGX) $ 1.14 6.96%
  • ocean-protocolOcean Protocol (OCEAN) $ 0.591114 10.41%
  • kyber-networkKyber Network (KNC) $ 1.22 4.22%
  • bittorrent-2BitTorrent (BTT) $ 0.000365 5.32%
  • quant-networkQuant (QNT) $ 19.29 7.43%
  • balancerBalancer (BAL) $ 21.54 14.24%
  • enjincoinEnjin Coin (ENJ) $ 0.244136 8.89%
  • band-protocolBand Protocol (BAND) $ 10.04 0.81%
  • vergeVerge (XVG) $ 0.013527 12.69%
  • bitcoin-goldBitcoin Gold (BTG) $ 12.59 3.73%
  • statusStatus (SNT) $ 0.056093 1.87%
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