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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.
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 (ETH) 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.
STORY CONTINUES BELOW
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.
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.
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.
James Van Straten
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin's role within the broader financial system. In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
AI Boost
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy here.
