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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.
ETH: Net Taker Volume (CryptoQuant)
ETH: Net Taker Volume (CryptoQuant)

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.

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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.

EtherUSD (TradingView)
EtherUSD (TradingView)

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.

ETH: Realized Loss by Wallet Size (Glassnode)
ETH: Realized Loss by Wallet Size (Glassnode)



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.

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