Ether Long-Term Holders Jump by 75%
Throughout 2024, the proportion of long-term Ether holders has greatly increased, indicating a growing confidence in the cryptocurrency. In contrast, the percentage of long-term Bitcoin holders has declined, according to data from blockchain analytics platform IntoTheBlock.
At the start of the year, 59% of ETH holders were considered long-term holders, but this figure rose to 75% by the end of 2024. On the other hand, BTC’s long-term holder percentage dropped from 70% to 62% over the same period.
Long-term holders, defined as those who hold an asset for more than a year, are seen as a measure of investor sentiment and confidence. As of December 30th, 75% of Ether holders were categorized as long-term, while only 62% of Bitcoin holders fell into this category.
This shift suggests that more investors are opting to hold onto their ETH for a longer period of time, believing in its potential for the future as we head into 2025. At the same time, Bitcoin has faced a different trend.
