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Long-Term ETH Holders Turn Profitable as Activity Spikes

  • ETH's price surge above $2,400 has turned many long-term holders profitable as it surpasses the realized price of $1,900.
  • Binance remains the top hub for ETH liquidity, recording massive withdrawals before the recent surge, indicating ongoing market activity.
  • Despite the price increase, traders on Binance are balancing portfolios sensibly, showing a mature market behavior.
  • Mixed signals emerge from on-chain data with long-term holders adding ETH to wallets while some face unrealized losses, and network activity and funding rates show uncertainty.

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