Ethereum Long-Term Holders Throw Ethereum Under the Bus—Or Into the Bear Den?

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On the 20th of June, the cryptic clock struck a sullen chime: the ancient congregation of Ethereum’s long-term holders, faces hardened by the storms of past cycles, finally broke ranks. The great on-chain oracle revealed they’d reached a peak of selling not seen before—an all-time high! The wolves, it seems, had caught the scent of panic. 🐻

The market, once a feverish bazaar, now resembled an abandoned train station at midnight—ghostly, echoes of profit lost in the wind. Demand for ETH trickled off, investors shrugged, and the only thing growing was bearish sentiment (and perhaps a few gray hairs among the bulls).

Ethereum’s “Liveliness” Breaks Records—Like Bad News from Your Landlord

The Glassnode soothsayers declare: “ETH’s Liveliness has erupted to 0.69, a record of historic hilarity!” The metric, which tracks the movement of tokens that sat so long they collected dust (and existential dread), soared during Friday’s weary session. This is calculated by the coin days destroyed divided by coin days accumulated. Yes, the math is about as romantic as a tax audit.

For those taking notes between sips of cold tea: when liveliness falls, crypto veterans are stuffing ETH into cold storage, embracing their coins like lost loves. When liveliness rises, like now, they fling them to the exchanges, ready to sell—presumably while muttering about “the folly of youth.”

ETH’s liveliness at 0.69 paints a grim mural: the wise and wrinkled are quietly liquidating, unwilling to bet their last potato on a moonshot. Confidence in Ether’s resurrection? As thin as soup in a poorhouse. 🥣

To add insult to injury, glance at the daily chart and you’ll find ETH’s Chaikin Money Flow (CMF) as negative as a Dostoyevsky character (-0.08, to be precise). This signals money flowing out of the system faster than rumors at a train station café.

And when that indicator goes negative, it screams: “The crowd has left the building, and so has their money!” Bearish confirmation isn’t just written in charts—it’s scrawled in the eyes of every long-term holder burying their hopes beneath the ether.

Ethereum Stares Into the Abyss—or at Least at Last Month’s Lows

As ETH’s old guard dumps coins and everyone else loses their appetite, the stage is set for another act in this tragicomedy: prices falling further down the ladder of despair. At the moment, ETH is limping along at $2,429. If the parade of selling continues, $2,185 is the next ugly milestone. Flop past that, and we’re talking $2,027—a number reminiscent of a year May best forgotten. 🎭

Of course, should a sudden army of hopeful buyers awaken from their slumber and flood in, the tale may flip. In such rare miracles, ETH could claw its way back to $2,745 and the bears would find themselves out in the cold. But for now, the mood is bleak and as full of irony as a Russian winter. ⛄

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2025-06-21 15:07