Definition ∞ Immobile Ether supply refers to the portion of Ether that has remained in the same wallet addresses for an extended period, typically one year or more, without being moved. This metric indicates the conviction of long-term holders who are not actively selling their assets. A high immobile supply suggests strong holder belief and reduced selling pressure.
Context ∞ Crypto news often reports on the immobile Ether supply as a key indicator of long-term investor sentiment and potential market strength. A growing immobile supply is generally seen as a bullish signal, as it reduces the available selling supply and can precede price appreciation. This metric provides insight into the underlying commitment of the Ether holder base.