Share this article
Ether Sees Record Active Selling Over 3 Months: CryptoQuant
Ethereum has faced record active selling over the past 3 months, per a CryptoQuant report.
Updated Mar 13, 2025, 4:59 p.m. Published Mar 13, 2025, 12:11 p.m.
Make us preferred on Google
What to know:
- Ethereum has faced record active selling over the past 3 months - CryptoQuant CEO.
- Glassnode data shows that long-term holders and whales have been selling ether during this year's price decline.
Ether has fallen 43% year-to-date, it hit a 2025 high of $3,744 before dropping to its current level of $1,899. According to CryptoQuant CEO, Ki Young Ju, ether has experienced record levels of active selling over the past three months—the highest in the last five years.
CoinDesk research indicates that the ether-to-bitcoin (ETH/BTC) ratio has declined to a five-year low, while the four-year compound annual growth rate (CAGR) has turned negative against bitcoin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ETH has only dipped below $1,900 a handful of times since 2020. If you had purchased ether between June 2022 and October 2023, as well as throughout 2020, you would currently be in profit.
Glassnode data reveals that short-term holders (STHs)—those who have held ETH for less than 155 days—are bearing the brunt of realized losses. However, long-term holders (LTHs) are also beginning to capitulate.
Meanwhile, realized losses have been primarily driven by whales holding 100,000 ETH or more, particularly since February, Glassnode data shows.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
How a 'perpetual’ stock trick could solve Michael Saylor’s $8 billion debt problem
The bitcoin treasury firm is using perpetual preferreds to retire convertibles, offering a potential framework for managing long-dated leverage.
What to know:
- Strive upsized its SATA follow on offering beyond $150 million, pricing the perpetual preferred at $90.
- The structure offers a blueprint for replacing fixed maturity convertibles with perpetual equity capital that removes refinancing risk.
- Strategy has a $3 billion convertible tranche due in June 2028 with a $672.40 conversion price, which could be addressed using a similar preferred equity approach.
Top Stories
