Glassnode: ETH long-term holders are still waiting for a better selling position

According to ChainCatcher, Glassnode released a market analysis report, pointing out that long-term ETH holders seem reluctant to sell in large quantities at the current price, although many people have sufficient profit margins and are still waiting for a better selling position.

Glassnode said in its analysis of Ethereum's market value to realized value ratio (MVRV) indicator that short-term ETH holders (with a total average cost of $3,000 in 155 days) may cause panic among these entities.