By the end of the year, the share of long-term ETH holders will exceed BTC
In the second half of December, Bitcoin fell from $106,000 to $93,500.
By the end of the year, the share of long-term ETH holders will exceed BTC
The number of long-term Ethereum holders has been steadily increasing over the year, while the number of Bitcoin holders has been decreasing. Analysts at IntoTheBlock reported that the overall percentage of ETH users holding their tokens for the long term has increased from 59% in January to 75% by the end of 2024.
What else is known? Over the same period, the number of long-term holders of the first cryptocurrency fell from 70% to 62%. This category includes investors who have held the asset for more than a year.
The steady shift towards long-term ETH holdings indicates growing confidence in the asset in 2025.
Back on December 16, technical analyst Ger Van Lagen noted in his X-account that the price of Bitcoin was “flying.” BTC fell from $106,000 to $93,500 between December 16 and 30.
At the time, Van Lagen suggested that the move was largely due to withdrawals by long-term holders during a period of euphoria, and maintained a distinctly optimistic outlook for BTC, expecting the asset to surpass the $200,000 mark in the near future.
Meanwhile, inflows into ETH-based spot exchange-traded funds (ETFs) have doubled from US$1 billion to US$2.68 billion in the past month.
Various experts note that Donald Trump's new administration will be beneficial not only for the crypto market as a whole, but also for ETH in particular.
For example, with the appointment of a new SEC chairman, ETH-ETF issuers may be allowed to place coins at stake for additional profit.