According to a December 29 post on X from IntoTheBlock, the number of Ethereum
The data revealed that those holding Ethereum for over a year grew from 59% at the start of the year to 75% by December.
In contrast, Bitcoin’s
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IntoTheBlock stated, “While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin early in the year”.
By December 30, Ethereum had 75.1% of its tokens held by long-term investors, compared to 62.3% for Bitcoin. IntoTheBlock defines long-term holders as those who retain assets for more than a year.
In mid-December, technical analyst Ger Van Lagen commented on Bitcoin’s price trends, noting that it was entering a “blow-off” phase. Bitcoin reached an all-time high of $106,000 before falling to $93,000 between December 16 and December 30.
While Bitcoin holders were reducing their stakes, Ethereum attracted increasing interest from individual and institutional investors.
Spot Ether exchange-traded funds (ETFs) saw net inflows double from $1 billion in November to $2.1 billion by December.
As Ethereum and Bitcoin take center stage in 2024’s market trends, other blockchain networks are making their own waves. Solana’s
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