All investors who bought Ethereum in 2021-22 are currently holding unrealized losses, and a large part of this decline is driven by massive deleveraging in the DeFi ecosystem, according to blockchain analytics firm Glassnode promoted.
Ethereum’s dominance has been declining significantly since its all-time high in November 2021, with Ethereum currently sitting at $0.30 per byte in storage, and if history repeats itself, there could be a further price drop of $50 %.
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