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Ethereum's Underwater Supply Matches Post-FTX Capitulation Bottom
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Ethereum's Underwater Supply Matches Post-FTX Capitulation Bottom
Ethereum’s latest drawdown has pushed a major share of ETH supply back underwater, with Glassnode data cited by market trackers showing supply held at an unrealized loss near levels last seen around the post-FTX capitulation period. TL;DR Glassnode’s ETH supply-in-loss metric is being watched as a capitulation signal. The reading has been compared with the painful post-FTX bottom zone from November 2022. A high underwater supply does not guaran…
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