EMC Labs: Nearly 95% of ETH is in a profitable state, surpassing the proportion of BTC

Cryptocurrency fund management company EMC Labs posted on social media that, according to on-chain data analysis, as of February 21st, the profit ratio of ETH reached 94.8%, which is the highest point since the peak of the last bull market, surpassing BTC's current profit ratio of 92%. In the past 14 days, ETH has started to outperform BTC. At the same time, centralized exchanges' stockpile of ETH is rapidly decreasing and currently only stands at about 13.2 million coins or approximately 11% of total circulation. The exchange inventory is now less than during previous two bull market peaks and it's approaching its July 2015 low point. From a supply perspective, ETH is in an unprecedentedly good state. After all the noise around ETH Fud, crypto asset markets are entering "Ethereum Time".