Data: After ETH surged, the market's willingness to buy increased, but long-term holders tend to transfer tokens

According to news on May 12, ETH has continued to rise recently, constantly setting new historical highs. According to CoinMarketCap's monitoring, in the past 24 hours, ETH's daily increase exceeded 13%, reaching a maximum of US$4,332.34. The current market value is about US$503.482 billion. It ranks 16th in the global mainstream asset market value ranking of Infinite Market Cap, second only to TSMC, and has surpassed Visa, Samsung, JPMorgan, Johnson & Johnson, Walmart and other well-known multinational giants.

Affected by the rising price of the currency, the willingness to buy in the ETH secondary market has recently reached a high point in the past six months. According to Chainalysis statistics, in the past 7 days, the average transaction intensity of the ETH secondary market was about 10.67, an increase of 15.85% over the average transaction intensity in the past 30 days and 14.85% over the average transaction intensity in the past 180 days. The increase in average transaction intensity means that investors in the secondary market are more inclined to buy.

However, judging from the movement of tokens on the chain, long-term investors are more inclined to transfer tokens. According to glassnode data, ETH's recent dormancy index has increased. As of May 11, the ETH dormancy index was about 64.57, an increase of 40.12% from one day ago, an increase of 99.06% from 7 days ago, and an increase of 6.36% from 180 days ago.

The dormant index describes the ratio of the total amount destroyed (referring to the process from holding to circulation) to the total amount of transactions per unit time. An increase in the index means that the number of tokens in an illiquid state for a longer period of time that are moved on the same day has increased, which means that long-term holders tend to transfer tokens, and this transfer may be related to selling. (PANews)