Ethereum’s network growth has significantly slowed over the past week, with new $ETH addresses dropping by 9.32%.
This slowdown points to a potential dip in fresh interest and activity on the Ethereum blockchain, which could impact its future adoption and overall market sentiment.
#Ethereum network growth has slowed notably over the past week, with the number of new $ETH addresses declining by 9.32%! pic.twitter.com/2Xrv2YwjBf
— Ali (@ali_charts) January 13, 2025
Contents
Whale Reduces Ethereum Position
A prominent whale with an 83% winning rate has reduced their Ethereum holdings by 5,872.63 ETH, purchased during a market dip, at an average price of $3,106.53. This sale resulted in a minor loss of $530,000. Despite this, the whale still holds 11,252.98 ETH (valued at about $35.39 million) at an average cost of $3,196.85. The reduction in position may signal caution in the market, particularly after the recent price fluctuations.
波段胜率 83.3% 老哥估计也被昨晚以太的跌法吓到了，割肉一小部分🤣
过去四小时内他以均价 $3106.53 减仓了 5,872.63 枚 ETH（即昨晚暴跌时加仓的部分），小亏 53 万美金；目前两个地址仍剩余 11,252.98 枚 ETH（约 3539 万美金），成本 $3,196.85
这样也好，进可攻退可守，更灵活些~… https://t.co/WfYmVDX7pQ pic.twitter.com/GGlHOqyyqe
— Ai 姨 (@ai_9684xtpa) January 14, 2025
Market Maker Activity and Potential Impact on ETH Price
Cumberland, a major market maker, received a distribution of 20,000 ETH (roughly $61.38 million) from Fidelity’s FETH ETF Inflows address, which was subsequently deposited into Binance. This transaction coincided with the short-term trough of Ethereum’s price. Had these ETH tokens been sold at the time, it could have contributed to the recent decline in Ethereum’s price during the previous night’s trading session.
10 小时前，做市商 Cumberland 收到 Fidelity FETH ETF Inflows 地址分发的 20000 枚 ETH（约 6,138 万美金），随后全部充值进了 #Binance🔍
代币充值前后刚好是 $ETH 币价的短时谷值，如果这部分 ETH 已被卖出，或为昨晚以太下跌的推手之一
钱包地址 https://t.co/d9umiwShhK pic.twitter.com/FkaRlkSAuU
— Ai 姨 (@ai_9684xtpa) January 14, 2025
Ethereum ETF Flows: Mixed Sentiment
On January 13, Ethereum spot ETFs saw a net outflow of $39.43 million, continuing a four-day streak of outflows. However, BlackRock’s ETHA ETF experienced a notable net inflow of $12.9 million, suggesting some institutional interest remains in Ethereum despite the overall negative trend.
On January 13, the total net outflow of Bitcoin spot ETFs was $284 million. The Bitcoin spot ETF with the largest net inflow yesterday was BlackRock ETF IBIT, with a net inflow of $29.4646 million. https://t.co/59u0BnEqLG pic.twitter.com/semf38ojcs
— Wu Blockchain (@WuBlockchain) January 14, 2025
Conclusion
Ethereum’s network growth has slowed, and whale movements indicate a cautious stance. Coupled with the ongoing outflows from Ethereum spot ETFs, market sentiment appears to be in consolidation. However, selective institutional inflows, such as those from BlackRock, suggest there is still optimism for the future of Ethereum.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: fellowneko/ 123RF // Image Effects by Colorcinch
