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) $ 33,978.00 0.94%
  • ethereumEthereum (ETH) $ 2,144.79 0.72%
  • tetherTether (USDT) $ 1.00 0.25%
  • binance-coinBinance Coin (BNB) $ 298.48 0.15%
  • cardanoCardano (ADA) $ 1.21 0.25%
  • xrpXRP (XRP) $ 0.599963 1.37%
  • usd-coinUSD Coin (USDC) $ 1.00 0.31%
  • dogecoinDogecoin (DOGE) $ 0.193583 0.36%
  • polkadotPolkadot (DOT) $ 13.20 1.12%
  • binance-usdBinance USD (BUSD) $ 1.00 0.44%
  • uniswapUniswap (UNI) $ 17.73 5.66%
  • bitcoin-cashBitcoin Cash (BCH) $ 447.53 2.19%
  • litecoinLitecoin (LTC) $ 124.32 1.11%
  • solanaSolana (SOL) $ 27.93 3.1%
  • chainlinkChainlink (LINK) $ 16.30 3.07%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 33,976.00 0.93%
  • ethereum-classicEthereum Classic (ETC) $ 47.45 3.94%
  • stellarStellar (XLM) $ 0.257759 3.76%
  • theta-tokenTheta Network (THETA) $ 6.02 17.64%
  • matic-networkPolygon (MATIC) $ 0.927114 0.39%
  • internet-computerInternet Computer (ICP) $ 41.12 16.22%
  • daiDai (DAI) $ 1.00 0.3%
  • compound-usd-coincUSDC (CUSDC) $ 0.022116 0.06%
  • vechainVeChain (VET) $ 0.070303 1.38%
  • filecoinFilecoin (FIL) $ 48.33 2.1%
  • cdaicDAI (CDAI) $ 0.021581 0.03%
  • tronTRON (TRX) $ 0.056029 0.51%
  • okbOKB (OKB) $ 13.91 4.36%
  • moneroMonero (XMR) $ 205.42 0.58%
  • aaveAave (AAVE) $ 282.50 3.45%
  • eosEOS (EOS) $ 3.60 1.84%
  • terra-lunaTerra (LUNA) $ 8.24 5.12%
  • ftx-tokenFTX Token (FTT) $ 29.77 0.61%
  • shiba-inuShiba Inu (SHIB) $ 0.000006 2.08%
  • cosmosCosmos (ATOM) $ 11.16 2.68%
  • compound-ethercETH (CETH) $ 43.08 1.27%
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.114542 0.74%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 13.70 0.49%
  • leo-tokenLEO Token (LEO) $ 2.87 0.95%
  • algorandAlgorand (ALGO) $ 0.806198 1.47%
  • celsius-degree-tokenCelsius Network (CEL) $ 5.87 2.03%
  • klay-tokenKlaytn (KLAY) $ 0.984452 1.26%
  • amp-tokenAmp (AMP) $ 0.049881 1.55%
  • bitcoin-svBitcoin SV (BSV) $ 125.60 1.02%
  • tezosTezos (XTZ) $ 2.76 2.49%
  • makerMaker (MKR) $ 2,518.21 1.14%
  • compound-governance-tokenCompound (COMP) $ 398.34 3.4%
  • neoNEO (NEO) $ 29.93 1.45%
  • axie-infinityAxie Infinity (AXS) $ 38.46 6.47%
  • terrausdTerraUSD (UST) $ 1.00 0.31%
  • iotaIOTA (MIOTA) $ 0.719386 4.47%
  • avalanche-2Avalanche (AVAX) $ 10.94 2.66%
  • theta-fuelTheta Fuel (TFUEL) $ 0.346571 18.14%
  • decredDecred (DCR) $ 127.44 3.56%
  • hedera-hashgraphHedera Hashgraph (HBAR) $ 0.174819 0.76%
  • kusamaKusama (KSM) $ 177.02 0.64%
  • elrond-erd-2Elrond (EGLD) $ 81.48 0.06%
  • safemoonSafeMoon (SAFEMOON) $ 0.000003 2.49%
  • the-graphThe Graph (GRT) $ 0.537789 3.47%
  • wavesWaves (WAVES) $ 15.13 4.2%
  • huobi-tokenHuobi Token (HT) $ 9.15 1.64%
  • sushiSushi (SUSHI) $ 7.82 8.12%
  • bittorrent-2BitTorrent (BTT) $ 0.002203 0.04%
  • staked-etherLido Staked Ether (STETH) $ 2,146.68 1.29%
  • dashDash (DASH) $ 137.44 7.58%
  • havvenSynthetix Network Token (SNX) $ 8.28 5.48%
  • huobi-btcHuobi BTC (HBTC) $ 33,762.00 0.36%
  • chilizChiliz (CHZ) $ 0.242039 2.84%
  • nemNEM (XEM) $ 0.141986 1.85%
  • true-usdTrueUSD (TUSD) $ 0.999956 0.25%
  • blockstackStacks (STX) $ 1.16 3.8%
  • enjincoinEnjin Coin (ENJ) $ 1.24 6.21%
  • telcoinTelcoin (TEL) $ 0.019380 16.82%
  • zcashZcash (ZEC) $ 97.12 2.29%
  • bitcloutBitClout (CLOUT) $ 99.90 0.51%
  • quant-networkQuant (QNT) $ 80.89 5.45%
  • heliumHelium (HNT) $ 11.34 1.02%
  • yearn-financeyearn.finance (YFI) $ 28,911.00 1.88%
  • flowFlow (FLOW) $ 19.39 3.24%
  • xdce-crowd-saleXDC Network (XDC) $ 0.079231 4.67%
  • thorchainTHORChain (RUNE) $ 3.40 8.84%
  • nearNear (NEAR) $ 2.19 10.6%
  • holotokenHolo (HOT) $ 0.005131 0.24%
  • decentralandDecentraland (MANA) $ 0.682325 4.87%
  • paxos-standardPaxos Standard (PAX) $ 1.00 0.07%
  • nexoNEXO (NEXO) $ 1.55 1.14%
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.525115 1.24%
  • zilliqaZilliqa (ZIL) $ 0.062689 1.26%
  • kucoin-sharesKuCoin Token (KCS) $ 9.58 1.86%
  • bitcoin-goldBitcoin Gold (BTG) $ 42.17 3.51%
  • harmonyHarmony (ONE) $ 0.070337 1.48%
  • bancorBancor Network Token (BNT) $ 3.00 0.06%
  • titanswapTitanSwap (TITAN) $ 7.00 2.24%
  • mdexMdex (MDX) $ 1.20 4.36%
  • qtumQtum (QTUM) $ 5.92 0.28%
  • compound-usdtcUSDT (CUSDT) $ 0.021251 0.16%
  • xsushixSUSHI (XSUSHI) $ 9.15 8.05%
  • zencashHorizen (ZEN) $ 50.76 1.65%
  • swissborgSwissBorg (CHSB) $ 0.598212 2.95%
  • nxmNexus Mutual (NXM) $ 82.35 1.86%
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