As a seasoned crypto investor with over a decade of experience under my belt, I have witnessed the ebb and flow of market trends like a weathered sailor navigating the vast oceans of digital finance. The shift in long-term holder statistics for both Bitcoin (BTC) and Ethereum (ETH) has piqued my interest, as it often serves as a barometer for market sentiment.
The steady rise in long-term Ether holders from 59% to 75%, coupled with the decline of long-term Bitcoin holders, indicates a growing confidence in Ethereum’s potential heading into 2025. This is particularly intriguing given the recent volatility in Bitcoin’s price. As Ger Van Lagen pointed out, Bitcoin’s price dropped from an all-time high of $106,000 to $93,000 amid a period of euphoria, which suggests that long-term holders may have cashed out.
However, I maintain a bullish outlook on both assets, as I believe that market fluctuations are merely temporary blips in the grand scheme of things. In fact, Van Lagen’s prediction of Bitcoin surpassing $200,000 in the near future aligns with my own optimistic expectations for the world’s most prominent cryptocurrency.
The influx of investments into spot Ether ETFs and the bullish stance of experts from various sectors of the crypto industry further bolsters my conviction in Ethereum’s potential. The demise of “financial nihilism,” a complete overhaul of the SEC, the addition of staking to Ether ETFs, and increased regulatory oversight from the Commodity Futures Trading Commission (CFTC) could prove beneficial for Ethereum in particular.
All in all, I find it fascinating to observe these market dynamics and make informed investment decisions based on them. I’ve learned that in the world of crypto, even the most unpredictable storms eventually calm down, leaving behind clear skies and promising horizons.
And as for a joke to lighten the mood – you know, they say Ethereum is like a phoenix rising from the ashes. But in my case, it’s more like a dog chasing its own tail – I keep buying ETH, it keeps going up, and then I keep selling… only for it to go up even more! Ah, the joys of crypto investing!
As a researcher, I observed an intriguing trend during the year 2024: The count of long-term Ethereum holders consistently grew, contrasted by a decrease in Bitcoin holders over the past year. This shift coincided with increasing faith in Ethereum as we approached the new year.
As a researcher, I’d like to share an interesting finding I came across recently. On December 30th, IntoTheBlock posted data from their platform revealing that the proportion of Ethereum (ETH) holders who have held onto their tokens for the long term has increased significantly. Specifically, this figure climbed from 59% in January to a staggering 75% by the end of 2024. This suggests a growing commitment among ETH investors and could potentially signal a more stable market environment for Ethereum moving forward.
Over this period, it was observed that the percentage of long-term Bitcoin owners decreased gradually, dropping from approximately 70% down to 62%.
On December 30th, it’s found that about 62.31% of Bitcoin owners have held their coins for a long time, compared to 75.06% of Ethereum owners who have maintained their positions for an extended period.
Previously, IntoTheBlock defined long-term holders as individuals who have held onto an asset for over one year.
Looking at this metric, it’s just one of several indicators investors use to evaluate the market’s attitude towards leading cryptocurrencies. However, the increasing trend toward long-term investment in ETH indicates a rising level of faith in the asset as we approach 2025, suggesting growing confidence.
On December 17th, technical analyst Ger Van Lagen posted on X that Bitcoin’s price was experiencing a significant increase (or “blowing off”), which subsequently saw BTC dropping from its record high of $106,000 to $93,000 between the 16th and now.
Van Lagen proposed that the primary motivation behind this move was long-term investors selling off their holdings during a time of excitement, yet he remains optimistic about Bitcoin’s future value. He anticipates that Bitcoin could potentially reach over $200,000 in the coming days.
Over the past month, the investment into spot Ethereum Exchange-Traded Funds (ETFs) has more than doubled, with a total of $2.1 billion now being poured in compared to just $1 billion in November.
Many professionals across diverse areas within the cryptocurrency field anticipate that an administration led by Donald Trump could be favorable specifically for Ethereum (ETH).
They provided numerous advancements as reasons for being optimistic about ETH’s future in 2025, including the decline of financial skepticism, significant changes within the Securities and Exchange Commission, the integration of staking into Ethereum Exchange-Traded Funds, and increased supervision by the Commodity Futures Trading Commission.
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2024-12-30 06:07