IntoTheBlock’s report shows a sharp increase in the number of unprofitable addresses on etherium.
While the share of such wallets was 27% in July, it reached 44.2% at the end of August, the highest in 2023.
Last month, the value of ether (ETH) fell by 11.3%, according to data from the Coinglass platform. Bitcoin (BTC) also lost just over 11%.