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Comparison on Chain Percentage of Supply in Profit 7dma

Ethereum

The 7-day moving average of the percentage of ETH's circulating supply whose acquisition cost is below the current price.

Why it matters

To gauge overall market-wide profitability and identify potential support or resistance zones tied to holder cost basis.

How it is built

Comparing the price at which each unit of supply last moved against the current price to classify it as in-profit, then dividing by total supply and smoothing with a seven-day rolling average.

What to watch

A high percentage in profit can fuel further buying confidence or profit-taking, while a low percentage often coincides with capitulation phases near market bottoms.

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