Glassnode: ETH long-term holders are still waiting for a better selling position, but the current price is close to the panic line of short-term buyers

Glassnode released a market analysis report, which pointed out that long-term ETH holders seem reluctant to sell in large quantities at the current price, although many people already have sufficient profit margins and are still waiting for a better selling position. Glassnode said in analyzing Ethereum's market value to realized value ratio (MVRV) indicator that the total average cost of ETH short-term holders (within 155 days) is $3,000, and a new market decline may trigger panic among these entities. (Cointelegraph)