As of today, Ethereum's active addresses are about 95 percent profitable, surpassing bitcoin's.
![As of today, Ethereum's active addresses are about 95 percent profitable, surpassing bitcoin's.](/content/images/size/w1200/2024/02/vitalik-Buterin-ethereum.jpg)
As crypto fund EMC Labs reports via X, "As of February 21, the percentage of ETH addresses that are profitable was 94.8%, surpassing the percentage of BTC profitable addresses (92%). ETH balances on centralized exchanges (CEXs) continue to shrink. Currently, only 13.2 million ETH, or about 11% of the ETH supply in circulation, are on exchanges. ETH balances on exchanges are lower than at the peak of the previous two bull markets. It is at a similar level to the July 2015 low. In terms of supply fundamentals, ETH is in unprecedented good shape."