Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant

2023-3-3 14:30

The profit and loss of staked Ethereum (ETH) indicates that there will be less selling pressure when the staked ETH tokens are unlocked in the Shanghai upgrade, crypto analytics platform CryptoQuant said. There have been concerns that the staked ETH unlock will result in these tokens flooding the market and creating high selling pressure.

But according to CryptoQuant analysis, 60% of staked ETH, representing 10.3 million ETH, is at a loss. Moreover, the depositors of the largest staking pool, Lido, are also at a loss. Lido holds nearly 30% of all staked ETH, with an average loss of around $1,000.

Selling pressure is generally high when investors have the potential to earn extremely high profits. Usually, when a large number of assets are unstaked at the same time, it is expected that some investors may want to cash in their profits and create selling pressure.

Since Ethereum investors do not have much profit potential, high selling pressure is not expected, as per CryptoQuant.

Low selling pressure also means that the price of Ethereum is unlikely to dip — token prices tumble low when selling pressure increases.

The Shanghai Upgrade

In early January, Ethereum developers agreed that the Shanghai upgrade would occur in March 2023. The only major code change in the Shanghai upgrade is unlocking ETH staked by validators.

Developers considered unstaking their highest priority and excluded a set of Ethereum Improvement Proposals (EIPs) dubbed EVM Object Format (EOF) in the Shanghai upgrade. The EOF, however, may be included in one of the future upgrades, but the developers are yet to take a final call.

The uncertainty regarding the unlocking period of staked ETH created much uneasiness among investors, who started questioning the future of the network. The start of withdrawals is expected to bring much-awaited relief to ETH validators.

The post Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3357.25 (-0.18%)
Объем 24H $50.165b
Изменеия 24h: 9.62 %, 7d: 7.17 %
Cегодня L: $3039.69 - H: $3382.36
Капитализация $404.306b Rank 2
Цена в час новости $ 1565.84 (114.41%)

eth cryptoquant staked shanghai upgrade pressure selling

Источник: cryptoslate.com

eth cryptoquant → Результатов: 40


CryptoQuant: Институциональные инвесторы наращивают присутствие в эфире

За месяц эфир (ETH) укрепился примерно на 15%. Рост криптовалюты стал результатом вхождения в нее институционального капитала, заявили аналитики CryptoQuant. Крупные инвесторы в октябре и ноябре увеличили инвестиции в фонды, ориентированные на ETH.

2023-11-28 07:03


These Two On-Chain Signals Precede Bitcoin Falls, Suggests Analyst

An analyst has suggested that two on-chain signals may be used to predict Bitcoin falls as they seem to have historically preceded drops in the crypto’s price. Bitcoin Selling Of 7yrs-10yrs Old Coins Spiked Up Recently As pointed out by an analyst in a CryptoQuant post, BTC dumping of coins aged between 7 years to 10 years and ETH dominance rising up can be two signs to look for before falls in the coin’s value.

2022-9-20 22:00


Quant Suggests Bitcoin Will Be Back In The Driver Seat After Ethereum Merge

A quant has suggested that Bitcoin will again become the driving force in the crypto market once the Ethereum merge hype dies down. Bitcoin Share Of Crypto Trading Volume Already Seems To Be Overtaking Ethereum’s As explained by an analyst in a CryptoQuant post, there are some signs that point to BTC surpassing ETH once more to be the dominant power in the market.

2022-9-13 22:00


Ethereum Bullish Signal: 1.2 Million ETH Exited Exchanges Recently

Ethereum on-chain data shows more than 1. 2 million ETH has exited exchanges over the past two weeks, a sign that could be bullish for the price of the crypto. Ethereum Exchange Reserve Has Observed Significant Decline In The Last Couple Of Weeks As pointed out by an analyst in a CryptoQuant post, the ETH exchange reserve has lost over 5% in value in just the last fourteen days.

2022-4-2 22:00


Ethereum Supply Shock Deepens: Exchange Reserves Decline 18% In 5 Months

As Ethereum’s price approaches new all-time highs, the coin’s supply shock seems to be deepening with exchange reserves declining 18% in the last five months. Ethereum Exchange Reserves Are Down 18% In The Last 5 Months As pointed out by a CryptoQuant post, ETH’s exchange reserves seem to have declined a lot in the last few months, signaling that a supply shock might be brewing in the crypto.

2021-10-30 22:00


Ethereum Bearish Signal Goes Off As 100k ETH Flows Into Binance

Today’s Ethereum price chart may suggest the formation of a bearish pattern called the “double top”. 100k ETH also flowed into Binance. Ethereum Price Chart Shows Famous “Double Top” Bearish Formation As explained by a CryptoQuant post, the cryptocurrency formed a bearish pattern on the price chart earlier today, and at about the same time, Binance also noticed a netflow of around 100k ETH.

2021-9-8 15:54


На Binance зафиксирован перевод Ethereum на $1,5 млрд

Криптобиржа Binance за 10 минут перевела 527 459 ETH общей стоимостью около $1,5 млрд на свой новый холодный кошелек. Изначально транзакцию зафиксировал сервис CryptoQuant и неверно распознал ее, как вывод средств с торговой площадки.

2021-5-27 12:56


Фото:

Резервы ETH на криптовалютных биржах снизились на 27% за 48 часов

По данным аналитиков компании CryptoQuant, на кошельках централизованных криптовалютных бирж значительно снизились резервы ETH: за последние 48 часов с них выведено 27% монет.

2021-1-16 14:45


Трейдеры перед падением Ethereum отправили на биржи 8170 ETH

Перед падением стоимости эфира (ETH) резко усилился приток этой криптовалюты на биржи. В отчете CryptoQuant говорится, что со 2 ноября инвесторы отправили на торговые площадки 8170 ETH. Одним из таких игроков оказался “кит”, который перевел на платформу Binance 4000 монет.

2020-11-4 11:55


Фото:

Трейдеры перед падением эфира отправили на биржи 8170 ETH

Перед падением стоимости эфира (ETH) резко усилился приток этой криптовалюты на биржи. В отчете CryptoQuant говорится, что со 2 ноября инвесторы отправили на торговые площадки 8170 ETH. Одним из таких игроков оказался "кит", который перевел на Binance 4000 монет.

2020-11-4 10:25


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru