Published on September 25, 2023 15:00 GMT+00:00edited on September 25, 2023 15:04 GMT+00:00

Ethereum holders have been subject to uncertainty over the last few months as bulls and bears have struggled for control. With the bears winning at a much higher rate than the bulls, Ethereum holders have found their holdings have continued to lose value. This time around, the plunge has sent the number of investors losing money to a new all-time high.

Number Of Ethereum Addresses In Loss At ATH

On-chain data tracker Glassnode Alerts on X (formerly Twitter) has revealed a shocking development regarding Ethereum addresses. According to the tracker, the number of addresses seeing losses on a 7-day moving average (MA) has jumped to its highest level ever.

This metric takes note of the price at which the ETH coins being held on addresses were last moved. Then it is compared to the current …