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Ethereum Sell Pressure Expands As Short-Term Holder Supply Flow Turns Negative

Ethereum’s price and its short-term holders are currently and simultaneously exhibiting bearish activity. While the downward price trend has continued, the activity of short-term ETH holders has followed closely, as the group has simply transitioned into a selling mode.

Negative Supply Flow For Ethereum Short-Term Holders

As Ethereum’s price loses its upside momentum, on-chain data are now flashing a cautionary signal, one that demands close attention during volatile market conditions. This cautious signal is coming from the side of short-term ETH holders, who are collectively exhibiting bearish activity.

On-Chain Mind, a crypto and data analyst, has confirmed that Ethereum is shifting into negative territory on short-term holder supply flow. A trend of this kind suggests that the most recent buyers of ETH are choosing to sell their holdings, adding fresh supply back into the broader market in periods of uncertainty.

The analysis carried out using the Ethereum Short-Term Holder Net Change metric mainly tracks speculative positioning over a 30-day duration. When short-term holders begin to distribute frequently, it is a pattern that often hints at a decline in confidence and a rise in volatility sensitivity.

Data from the STH Net Change chart reveals that recent buyers are starting to distribute their holdings, and short-term capital is rotating out, not flowing in. During such scenarios, On-Chain Mind advocates a strategy that plays against the short-term crowd. 

Etherem

While short-term holders are displaying fear and uncertainty by selling their ETH stash, large holders or whales continue to find a reason to hold on to the altcoin and even buy more. CW on the X platform stated that Ethereum has dropped below the realized price of the accumulation wallet addresses. 

Despite losing this key threshold, ETH whales have continued their buying activity. The expert highlighted that the full-scale accumulation of the altcoin by whales started back in June 2025. Meanwhile, the current price has now fallen below the price at which these investors kicked off their accumulation process. 

This drop did not stop them as their buying spree is proceeding even more aggressively this time. At the same time, the latest price of ETH will likely appear attractive to whales.

Buying ETH Now Is An Opportunity

Even with a bearish state, Michael Van De Poppe has expressed bullish focus on Ethereum. Following an analysis of the ETH Market Value to Realized Value Ratio (MVRV), the market expert and MN Fund founder and CIO, declares that “it is a tremendous opportunity to be looking at ETH now.”

Van De Poppe stated that the major reason for this is a massive gap between the fair price and the market price. Based on the MVRV ratio, ETH’s present valuation is just as underpriced as it was during the extremely volatile times, such as the April 2025 crash, the June 2022 bottom after Luna tanked, the March 2020 crash triggered by COVID, and the peak bear market of December 2018.

In all of those cases, this offered a fantastic opportunity to purchase the leading altcoin, and this particular signal has unfolded once again in the current market cycle.

Ethereum

from Bitcoinist.com https://ift.tt/xC86ePJ

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