60% of Ethereum holders have returned to profit! This rebound is even stronger than in 2017
According to on-chain data from Sentora: since the massive sell-off in December 2024, the proportion of profitable ETH addresses plummeted from over 90% to 32%. An epic washout reshaped the sentiment across the entire chain.
But now, the trend is reversing: as of May 22, nearly 60% of holding addresses have returned to the profit zone, with the rebound speed comparable to the outbreak period of the bull market in 2021, even surpassing the madness of 2017 when "everyone entered the market."
This is not a simple fluctuation, but an extreme market condition of "panic → purification → rebound."
The market never explodes when you are most confident; it often crushes you on the beach when you are about to give up and exit.
Interact: Do you think this rebound is a short-term illusion or a medium-to-long-term starting point? At what moment did you start to believe in ETH again?
