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) $ 13,639.04 4.02%
  • ethereumEthereum (ETH) $ 396.75 0.73%
  • tetherTether (USDT) $ 1.00 0.05%
  • rippleXRP (XRP) $ 0.249877 0.37%
  • bitcoin-cashBitcoin Cash (BCH) $ 262.11 0.45%
  • binancecoinBinance Coin (BNB) $ 31.18 1.12%
  • chainlinkChainlink (LINK) $ 11.74 0.21%
  • polkadotPolkadot (DOT) $ 4.56 4.21%
  • litecoinLitecoin (LTC) $ 58.12 0.47%
  • bitcoin-cash-svBitcoin SV (BSV) $ 172.30 1.24%
  • cardanoCardano (ADA) $ 0.099609 4.8%
  • usd-coinUSD Coin (USDC) $ 0.999373 0.02%
  • eosEOS (EOS) $ 2.64 0.23%
  • moneroMonero (XMR) $ 130.53 3.73%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.096371 0.19%
  • tronTRON (TRX) $ 0.026938 0.43%
  • stellarStellar (XLM) $ 0.080648 2.3%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 13,607.72 4%
  • tezosTezos (XTZ) $ 2.03 3.79%
  • cdaicDAI (CDAI) $ 0.020925 0.21%
  • okbOKB (OKB) $ 4.63 1.43%
  • leo-tokenLEO Token (LEO) $ 1.28 0.71%
  • cosmosCosmos (ATOM) $ 5.04 3.6%
  • neoNEO (NEO) $ 16.54 3.9%
  • huobi-tokenHuobi Token (HT) $ 4.28 0.97%
  • daiDai (DAI) $ 1.01 0.03%
  • nemNEM (XEM) $ 0.094843 5.19%
  • filecoinFilecoin (FIL) $ 33.91 4.81%
  • iotaIOTA (MIOTA) $ 0.270447 1.04%
  • binance-usdBinance USD (BUSD) $ 0.999923 0.01%
  • vechainVeChain (VET) $ 0.011130 2.3%
  • dashDash (DASH) $ 69.23 1.32%
  • theta-tokenTheta Network (THETA) $ 0.631436 3.25%
  • ethereum-classicEthereum Classic (ETC) $ 5.43 1%
  • zcashZcash (ZEC) $ 59.90 2.15%
  • uniswapUniswap (UNI) $ 2.70 4.03%
  • makerMaker (MKR) $ 565.00 2.39%
  • celsius-degree-tokenCelsius Network (CEL) $ 1.32 1.57%
  • havvenSynthetix Network Token (SNX) $ 3.47 1.23%
  • compound-ethercETH (CETH) $ 7.94 0.49%
  • compound-governance-tokenCompound (COMP) $ 112.33 2.82%
  • omisegoOMG Network (OMG) $ 3.13 2.5%
  • umaUMA (UMA) $ 7.41 0.26%
  • paxos-standardPaxos Standard (PAX) $ 0.998401 0.06%
  • yearn-financeyearn.finance (YFI) $ 13,005.46 5.18%
  • aaveAave (AAVE) $ 33.94 7.01%
  • ftx-tokenFTX Token (FTT) $ 3.95 0.81%
  • dogecoinDogecoin (DOGE) $ 0.002662 1.01%
  • aave-linkAave LINK (ALINK) $ 11.90 1.69%
  • ontologyOntology (ONT) $ 0.488923 6.33%
  • renbtcrenBTC (RENBTC) $ 13,571.34 3.55%
  • wavesWaves (WAVES) $ 3.05 2.86%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.204063 3.53%
  • kusamaKusama (KSM) $ 31.15 9.83%
  • true-usdTrueUSD (TUSD) $ 0.999329 0.06%
  • digibyteDigiByte (DGB) $ 0.019507 2.9%
  • republic-protocolREN (REN) $ 0.291391 0.95%
  • husdHUSD (HUSD) $ 1.00 0.35%
  • 0x0x (ZRX) $ 0.348809 2.93%
  • compound-usd-coincUSDC (CUSDC) $ 0.021229 0.27%
  • algorandAlgorand (ALGO) $ 0.281048 3.64%
  • qtumQtum (QTUM) $ 2.12 3.41%
  • aave-ethAave ETH (AETH) $ 411.92 0%
  • bittorrent-2BitTorrent (BTT) $ 0.000314 1.7%
  • energy-web-tokenEnergy Web Token (EWT) $ 6.68 9.76%
  • zilliqaZilliqa (ZIL) $ 0.018091 2.72%
  • iconICON (ICX) $ 0.352473 1.79%
  • nxmNexus Mutual (NXM) $ 26.59 1.34%
  • ocean-protocolOcean Protocol (OCEAN) $ 0.544236 8.75%
  • quant-networkQuant (QNT) $ 14.61 2.12%
  • loopringLoopring (LRC) $ 0.151705 1.97%
  • hedera-hashgraphHedera Hashgraph (HBAR) $ 0.030830 0.58%
  • kyber-networkKyber Network (KNC) $ 0.871587 2.67%
  • liskLisk (LSK) $ 1.09 0.63%
  • ampleforthAmpleforth (AMPL) $ 1.14 0.09%
  • decredDecred (DCR) $ 11.93 1.24%
  • terra-lunaTerra (LUNA) $ 0.310892 2.34%
  • blockstackBlockstack (STX) $ 0.148301 2%
  • bitcoin-goldBitcoin Gold (BTG) $ 7.46 0.56%
  • numeraireNumeraire (NMR) $ 25.03 1.17%
  • enjincoinEnjin Coin (ENJ) $ 0.135342 0.69%
  • reserve-rights-tokenReserve Rights Token (RSR) $ 0.013111 12.69%
  • siacoinSiacoin (SC) $ 0.002674 2.57%
  • band-protocolBand Protocol (BAND) $ 5.18 4.01%
  • elrond-erd-2Elrond (EGLD) $ 8.08 5.85%
  • aragonAragon (ANT) $ 3.26 2.33%
  • arweaveArweave (AR) $ 2.47 7.04%
  • nanoNano (NANO) $ 0.779134 7.31%
  • bytomBytom (BTM) $ 0.060964 1.27%
  • avalanche-2Avalanche (AVAX) $ 4.03 2.58%
  • monacoinMonaCoin (MONA) $ 1.34 1.5%
  • aave-usdcAave USDC (AUSDC) $ 0.993598 0.43%
  • balancerBalancer (BAL) $ 11.50 2.16%
  • decentralandDecentraland (MANA) $ 0.071935 1.19%
  • bitcoin-diamondBitcoin Diamond (BCD) $ 0.484993 1.66%
  • tether-goldTether Gold (XAUT) $ 1,894.71 0.09%
  • thorchainThorchain (RUNE) $ 0.427286 6.64%
  • statusStatus (SNT) $ 0.023498 0.44%
  • nexoNEXO (NEXO) $ 0.160475 10.75%
  • gatechain-tokenGateToken (GT) $ 0.478894 2.98%
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