ETH long-term holder share surpasses BTC by the end of the year

Bitcoin fell from $106 000 to $93 500 in the second half of December

30.12.2024 - 10:25

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What’s new? The number of Ethereum long-term holders grew steadily throughout the year, while the number of bitcoinholders declined. Analysts at the IntoTheBlock platform reported that the overall percentage of ETH users who held their tokens for a long time rose from 59% in January to 75% by the end of 2024.

Source: X.com

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 over a year.

The continued shift towards long-term ETH ownership indicates the growing confidence in the asset in 2025.

Back on December 16, technical analyst Ger Van Lagen noted in his X-account that bitcoin’s price was “blowing off.” BTC fell from $106 000 to $93 500 between December 16 and December 30.

At the time, Van Lagen suggested that the move was mainly due to withdrawals by long-term holders amid a period of euphoria, and maintained a clearly optimistic outlook on BTC, expecting the asset to surpass the $200 000 mark in the near future.

Analyst Michaël van de Poppe notes the growth of the ETH rate against bitcoin

A rally of altcoins in the Ethereum ecosystem is expected due to the rising rate

Meanwhile, inflows into ETH-based spot exchange-traded funds (ETFs) have doubled from $1 billion to $2,68 billion over the past month.

Various experts note that the new administration of Donald Trump will be beneficial not only for the crypto market in general but also for ETH in particular.

For example, with the appointment of a new SEC chairman, ETH-ETF issuers may be allowed to put coins into staking for additional yield.

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