The second November 2026 iEthereum Commodity Technical Brief examines supply dormancy and the persistence of digital commodity holdings. October's observations indicate that 70.14% of circulating iEthereum remained classified as dormant, continuing a higher dormant-supply condition established during August and September. This week's analysis considers the relationship between the persistence of recorded holdings, the movement of existing commodity units, and the distinction between address-level inactivity and economic ownership. The resulting interpretation emphasizes supply dormancy as a measure of observable ledger structure rather than an independent indication of investor behavior or market demand.
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