Ether Long-Term Holders Reach 75%, Surpassing Bitcoin
Long-term Ether holdings grew steadily during 2024, whereas Bitcoin holders declined over the last year as ETH’s popularity grew in the run-up to the new year. IntoTheBlock revealed in a post on X on December 30 that, according to statistics from its platform, the overall proportion of Ether that had retained their tokens for the long term had increased from 59% in January to 75% by the end of 2024.
In the same period, the percentage of long-term Bitcoin holders steadily decreased from roughly 70% to 62%. The percentage of long-term Ethereum holdings was 75.1% as of December 30, compared to 62.3% of long-term Bitcoin holders. A persistent trend toward long-term holdings for ETH also indicates increased trust in the asset going into 2025, even if this metric is just one of many that investors may use to assess market sentiment toward key crypto assets.
ETH Strengthens Amid Doubling ETF Inflows and Positive Market Sentiment
Technical analyst Ger Van Lagen claimed in a post on X on December 17 that the price of Bitcoin was blowing off. Between December 16 and December 30, BTC fell from its highest point of $108,268 to $92,881. Van Lagen, who had a very bullish view of Bitcoin and predicted that it would soon approach $200,000, stated that this increase was primarily the result of long-term holders cashing out during a time of enthusiasm.
Spot Ether ETF inflows, on the other hand, have doubled in the past month, rising from $1 billion in net inflows in November to $2.1 billion in cumulative net inflows in December. ETH in particular will benefit from a Trump government, according to several specialists from several crypto-related fields.
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