glassnode: Ethereum Investors Now Hold Over 2.15x Unrealized Gains on Average

BlockBeats News, August 25th, glassnode posted on social media that as Ethereum hit a new all-time high, its MVRV ratio has climbed to 2.15. This means that on average, investors currently hold over 2.15 times their unrealized profits. This level is similar to the market conditions in March 2024 and December 2020—both periods were followed by an increase in volatility and intensified profit-taking.