以太坊投资者的盈利能力在最新的资产价格集会之后，盈利能力急剧

在X上的新帖子中，机构Defi解决方案为Sentora（以前是Intotheblock）提供了有关以太坊网络上的利润损失状况如何改变的。

On-chain data from blockchain analytics firm, IntoTheBlock, has shown that the Ethereum investor profitability has seen a sharp turnaround following the latest rally in the asset’s price.

区块链分析公司Intotheblock的链链数据表明，在资产价格最新集会之后，以太坊投资者的盈利能力急剧下降。

In a recent post on X, formerly Twitter, the institutional DeFi solutions provider highlighted the Historical In/Out of the Money indicator, which showcases what portion of the ETH userbase is in profit, loss, and just breaking even.

在X（以前是Twitter）的最近的一篇文章中，机构Defi Solutions提供商强调了历史上的货币指标，它展示了ETH用户群的哪些部分是盈利，损失，甚至只是破裂。

The indicator works by going through the on-chain history of each address on the network to identify the average price at which they accumulated their coins. If this average cost basis is lower than the current spot price for any wallet, then that particular user is considered to be in the money. Conversely, the address is assumed to be out of the money in the opposite case, and at the money when the two prices are equal.

该指标通过浏览网络上每个地址的链链历史来确定他们积累硬币的平均价格。如果此平均成本基础低于任何钱包的当前现货价格，则该特定用户被认为是货币。相反，在相反的情况下，地址被认为是不合钱的，当两个价格相等的钱时。

Here’s a chart from IntoTheBlock’s post that shows the trend in the Ethereum Historical In/Out of the Money over the past decade:

这是Intotheblock帖子中的图表，显示了过去十年来以太坊历史趋势的趋势：

As displayed in the above graph, the in the money Ethereum investors had observed a steep drop following the selloff that started in December 2024. Prior to this drawdown, the metric was sitting above 90%, implying the vast majority of the users were holding unrealized gains. By April 2025, however, the situation had completely flipped for the investors as this value had come down to just 32%.

如上图所示，以太坊投资者在2024年12月开始的抛售后急剧下降。在此缩减之前，该指标占90％以上，这意味着绝大多数用户持有未实现的收益。然而，到2025年4月，由于这个价值仅降至32％，因此投资者的情况已经完全消失了。

Now, yet another shift seems to have occurred for the cryptocurrency’s addresses, as the ETH price has this time seen a sharp rally. Almost 60% of the holders are now back in the money, which, while still not quite near the same level as late last year, is significantly higher than the low.

现在，加密货币的地址似乎发生了又一次转变，因为这次ETH PRISS已经看到了急剧的集会。现在，几乎有60％的持有人又回到了货币中，虽然与去年年底的水平不高于相同的水平，但其水平明显高于低点。

In the chart, the analytics firm has highlighted when Ethereum last saw such sharp swings in profitability. “The asset hasn’t witnessed volatility on this scale since the 2017 cycle,” notes Sentora.

在图表中，分析公司强调了以太坊上一次看到盈利能力如此急剧的摇摆时。 Sontora指出：“自2017年周期以来，资产就一直没有看到这种规模的波动。”

In some other news, ETH has reclaimed two important on-chain levels following its recovery run, as the analytics firm Glassnode has discussed in its latest weekly report.

在其他一些新闻中，ETH在其恢复恢复后恢复了两个重要的链层，正如分析公司GlassNode在其最新的每周报告中所讨论的那样。

From the chart, it’s apparent that Ethereum reclaimed the Realized Price early on in the run. The Realized Price represents the average cost basis of all investors on the ETH network. Currently, this level is situated at $1,900, meaning that at the current exchange rate, the holders would be in notable profit.

从图表中，显然以太坊在跑步的早期就收回了实现的价格。实现的价格代表了ETH网络上所有投资者的平均成本基础。目前，此级别的价格为1,900美元，这意味着以当前的​​汇率，持有人将获得明显的利润。

The cryptocurrency has now also managed to surpass the True Market Mean located at $2,400, which is a model is similar to the Realized Price, except for the fact that it aims to find a more accurate average acquisition level for the market by excluding long-lost dormant supply.

该加密货币现在还设法超过了位于2,400美元的真实市场平均值，这是一个类似于实现价格的模型，除了它旨在通过排除失散较低的休眠供应来找到更准确的市场平均收购水平。

Ethereum now has just one more level left to reclaim: the Active Realized Price at $2,900, which is again a model that iterates on the Realized Price.

以太坊现在只剩下一个水平要收回：活跃的实现价格为2,900美元，这再次是按实现价格迭代的型号。

ETH Price

ETH价格

Ethereum has climbed to the $2,660 mark following a rally of about 4% in the last week.

在上周的集会大约4％之后，以太坊已攀升至2,660美元。