“During 2024, the number of long-term owners of Ethereum increased, while this metric steadily declined for Bitcoin. IntoTheBlock drew attention to this. This chart shows the percentage of long-term Bitcoin and Ether holders over the past year. While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin earlier in the year. pic.twitter.com/F7ghaSq66T — […]”, — write: businessua.com.ua
During 2024, the number of long-term owners of Ethereum increased, while this metric steadily declined for Bitcoin. IntoTheBlock drew attention to this.
This chart shows the percentage of long-term Bitcoin and Ether holders over the past year.
While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin earlier in the year. pic.twitter.com/F7ghaSq66T
— IntoTheBlock (@intotheblock) December 29, 2024
The share of those who hold ether for more than a year increased from 59% in January to 75% in December. In digital gold, this has dropped from around 70% to 62%.
Since the beginning of the year, Bitcoin quotations have added more than 122%, the price of the asset has twice updated its all-time high. The Ethereum exchange rate increased by 48.2% over the same period, according to CoinGecko.
Kaiko experts attributed the difference in dynamics to the flow of funds to Solana, given the high fees on the blockchain of the second-largest cryptocurrency by market capitalization and the hype surrounding memecoins in the fourth quarter.
Additional pressure was exerted by the lack of staking in the launched ETH-ETFs and the “sluggish” start of products compared to bitcoin funds.
According to the analyst and founder of MN Trading, Michael van de Poppe, the strengthening of Ethereum against the market leader already in January will not be a surprise. A breakout of the 0.4 level in the ETH/BTC pair could trigger a rally for altcoins in the ethereum ecosystem, an expert suggested.
ETH/BTC weekly chart. Source: TradingView.
We will remind you that CryptoQuant drew attention to bullish signals in Ethereum.
The source