hey everyone and thanks for jumping back into the cryptoverse today we're going to talk about ethereum and we're going to be doing on-chain analysis hopefully you didn't think that i would only be doing on-chain analysis for bitcoin because in fact the cryptocurrency asset class is a lot bigger than just bitcoin and most notably we will be talking about on-chain analysis for aetherium as well specifically in this video we're going to be looking at trends and wallet sizes if you guys like the content make sure you subscribe to the channel give the video a thumbs up and also check out the telegram channel which you can find a link to in the description below now we did this analysis for bitcoin if you want to see that analysis i would encourage you to go watch that video on my youtube channel this video we're going to be doing the same type of analysis but for ethereum the purpose of this video is to generally just look at how do trends and wallet sizes go for ethereum throughout the various market cycles and what we're going to do is we're going to step through this metric and look at different amounts of ethereum per wallet now i should mention that it is easy for market participants to potentially manipulate this data especially if someone were to buy say NUMBER_TOKEN if eve if someone bought NUMBER_TOKEN east and then since one east to NUMBER_TOKEN different wallets it might appear that you might have a hundred different people that are are now owned one each each where in fact uh it was just one person spreading it out over a hundred different wallets so with that disclaimer let's go ahead and jump in the first thing we're looking at is the number of unique ethereum addresses with at least NUMBER_TOKEN each or one one thousandth of an eighth obviously that's not that much uh at today's ethereum at the price of eth today you can see ethereum's is trading for just around three thousand dollars so one one thousand one one thousandth of that would be approximately three dollars so uh this metric i'm not sure how serious it should be taken but one of the things you do know is that at this local top in may we actually saw this come down a lot but then during this one it hasn't and one of the things i've been thinking about recently with all this stuff is it kind of seems to me that there is this mania phase that lasted through the last part of NUMBER_TOKEN and early NUMBER_TOKEN that brought a lot of new retail investors in but the retail investors that were going to leave i think have probably already left the ones that we're going to leave if you're still here watching this video in january of NUMBER_TOKEN then you're i mean i hate to break it to you but you're probably here for the long term okay you're probably here for the long term at this point and i think one of the reasons is because that the the market participants who are going to capitulate and then leave on the first dip uh are are likely not those serious investors anyways the people that have stuck around so far are are probably are probably capable of handling the volatility a little bit more and believe me not everyone can handle it and by the way that's not a bad thing okay it's not a bad thing this market is just simply not for everyone and and that's simply not a bad thing if
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