According to crypto analytics firm Glassnode as of June 10, more than 80% of the Ether supply was in profit — leading to fears of a price drop.
Glassnode posted a chart showing that the percent of Ether (ETH) in profit had hit 80% for the third time in a year, commenting: “Last time the Ethereum's supply in profit was significantly above 80%, ETH was priced at around $700.” (The key word there is “significantly” as Ether hasn’t been around $700 for some time).
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