ETH Merge: Selling Event?

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    In this dashboard, check and compare the following items before merge and after merge

    • Swap from eth and swap to eth amounts and total amounts before and after merge

    • C transfers from miner wallets before and after merge

    • eth transfers and Swap from eth of miners VS other users

    • How much(percentage) of all swapped eth and all transfered eth dedicated to Miners over time

    • :Swap from eth of miners VS eth price

    • eth transfers of miners and eth price

    • eth price before and after merge

    • eth price volatility before and after merge

    • And a few other things that I compare….

    According to the above two graphs, it is clear that the amount of exchange from ETH to other assets is much higher than the amount of exchange from other assets to ETH.

    Ethereum merge has no effect on the swap value because its value is the same according to the chart before and after merge

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    We can see that ETH transfers from miner's wallets increased dramatically on September 14th and 15th (during the merge), but after that, the amount of ETH transfers decreased greatly. I think the reason for this decrease is that miners transferred their ETH during the merge.

    And we can also see the top 10 wallets that miners have transferred their ETH to.

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    According to the two charts above Compared to others, miners have a small share of all swaps and transfers of Ethereum, so it can be concluded that miners cannot have a large impact on the price, contrary to popular opinion.

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    According to the two charts above

    It can be clearly seen that the transfer share of eth miners has decreased

    But the exchange amount of miners increased after the merger, it can be concluded that the miners exchanged their Ethereum with other assets.

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    There is a weak inverse correlation between swaps from Ethereum miners and the price of Ethereum, and when the amount of swap miners increased, the price of Ethereum decreased. But there is no correlation between miners' transfer of Ethereum and the price of Ethereum, and it can be concluded that miners have a very small effect on the price of ETH.

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    Contrary to the opinion of the majority of crypto activists, after the merge, the price of ETH decreased. But by looking at the correlation of BTC and ETH prices, we can see that all markets fell during the merger, and it seems that the fall in the price of Ethereum was not due to the merger, and the state of the macro economy, including the Federal Reserve rate.

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    According to the two charts above It is clear that the ETH price volatility before and after the merger is the same, and there is no particular difference between the ETH price volatility before and after the merger.

    While the price volatility of Bitcoin is more than that of Ethereum!

    And from these two issues, it can be concluded that the integration of Ethereum did not affect the price

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    The volatility of the swap miners before and after the merge is almost the same, but the day after the merger, the positive swap volatility that the miners did caused it to increase, but then it returned to its normal state.

    Miners' ETH transfer volatility increased after the merge, and the reason is that miners transfer their mined ETH to other wallets due to the change from proof-of-work to proof-of-stake.

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    Looking at the two charts above, you can understand that miners had practically no effect on the price of Ethereum

                                            **General conclusions from the above charts**
    
    • After the merge, the price of ethereum decreased, but it seems that the reason was not the merge of ethereum, but macroeconomic conditions such as the increase in interest rates of the Federal Reserve and the record conditions of the crypto market, which created selling pressure on ethereum.
    • Interestingly, the volatility of BTC before and after the merger is higher than that of ETH. So it can be concluded that the drop in ETH price is not due to consolidation but due to bad macroeconomic conditions. The noteworthy point is that the volatility of Bitcoin before and after the Ethereum merger is greater than that of Ethereum itself, and since the volatility of Bitcoin affects the crypto market, it can be concluded that the Ethereum merger had no effect on the price reduction.
    • just ETH transfers of miners during the merge increased but after the there is a huge drop of miner’s ETH transfers.