Long-Term ETH Holders Eclipsed Bitcoin Holders In Numbers

Throughout 2024, Long-Term Ethereum Owners Have Demonstrated That They Are More Skilled Than Bitcoiners.

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While the number of Bitcoin holders decreased over the past year due to growing confidence in ETH going into the new year, the number of long-term Ether holders increased steadily throughout 2024.

According to data from its platform, IntoTheBlock reported in a post to X on December 30 that by the end of 2024, 75% of Ethereum (ETH) holders had held their tokens for the long term, up from 59% in January.

                                                                                     Source: IntoTheBlock

In the same period, the percentage of long-term Bitcoin (BTC) holders steadily decreased, falling from roughly 70% to 62%.

The percentage of long-term Ethereum holders was 75.1% as of December 30, compared to 62.3% of long-term Bitcoin holders.

Long-term holders are defined by IntoTheBlock as those who have held an asset for more than a year.

A persistent trend toward long-term holdings for ETH also indicates growing confidence in the asset going into 2025, even though this metric is just one of many that investors can use to assess market sentiment toward major crypto assets.

Technical analyst Ger Van Lagen claimed that Bitcoin's price was "blowing off" in a post to X on December 17. Between December 16 and December 30, BTC fell from its highest point of $106,000 to $93,000.

Van Lagen, who had a very bullish view of Bitcoin and predicted that it would soon surpass $200,000, suggested that this move was primarily the result of long-term holders cashing out during a time of euphoria.

In the meantime, inflows into spot Ether ETFs have doubled over the past month, rising from net inflows of $1 billion in November to cumulative net inflows of $2.1 billion in December.

A Trump administration will be advantageous for ETH in particular, according to a number of experts from various areas of the cryptocurrency industry.

The demise of "financial nihilism," a comprehensive overhaul of the SEC, the addition of staking to Ether ETFs, and heightened regulatory oversight from the Commodity Futures Trading Commission (CFTC) were just a few of the recent developments they cited as justification for adopting a bullish stance on ETH going into 2025.

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