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glassnode: After the new high of Ethereum, investors on average hold more than 2.15 times unrealized gains.
BlockBeats news, on August 25, glassnode posted on social media that with Ethereum reaching an all-time high, its MVRV ratio has risen to 2.15. This means that on average, investors are currently holding more than 2.15 times unrealized gains. This level is similar to the market conditions in March 2024 and December 2020—after both of these periods, there were phases of increased volatility and intensified profit-taking.