Data: The number of Ethereum transfers has reached 1.17 million, at the level of market peaks in 2018 and 2021
According to CryptoQuant data, the number of Ethereum transfers (14-day moving average) has reached 1.17 million. This level was previously observed near major market peaks in 2018 and 2021.
Historical data suggests that such spikes often indicate peak volatility and potential chip distribution.
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