Ethereum Long-Term Holders Climbed In 2024 As Bitcoin Holders Fell
Authored by Tom Mitchelhill via CoinTelegraph.com,
The number of long-term Ether holders steadily increased throughout 2024, while the number of Bitcoin holders fell over the last year amid rising confidence in ETH heading into the new year.
In a Dec. 30 post to X, citing data from its platform, IntoTheBlock shared that the total percentage of Ether who had held their tokens for the long haul had risen from 59% in January to 75% by the end of 2024.
Source: IntoTheBlock
Meanwhile, the number of long-term Bitcoin holders witnessed a steady decline from about 70% to 62% in the same timeframe.
As of Dec. 30, the proportion of long-term Bitcoin holders stood at 62.3% while the proportion of long-term Ethereum holders was at 75.1%.
IntoTheBlock has previously described long-term holders as those holding an asset for more than a year.
While this metric is one of many that investors can look at to gauge market sentiment toward major crypto assets, a continued shift toward long-term holding for ETH also suggests growing confidence in the asset heading into 2025.
In a Dec. 17 post to X, technical analyst Ger Van Lagen said Bitcoin’s price was “blowing off,” with BTC later dropping from an all-time high of $106,000 to $93,000 between Dec. 16 and Dec. 30.
Source: Gert Van Lagen
Van Lagen suggested this move was driven largely by long-term holders cashing out amid a period of euphoria and maintained a distinctly bullish outlook on BTC, predicting the asset was on track to surpass $200,000 in the near future.
Meanwhile, in the last month, inflows into spot Ether ETFs have doubled, surging from $1 billion in net inflows in November to $2.1 billion worth of cumulative net inflows in December.
Several experts from different sectors of the crypto industry said that a Trump administration will prove beneficial to ETH in particular.
They cited a swathe of new developments for taking a bullish stance on ETH heading into 2025, ranging from 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).
Tyler Durden Mon, 12/30/2024 – 15:45
Source: https://freedombunker.com/2024/12/30/ethereum-long-term-holders-climbed-in-2024-as-bitcoin-holders-fell/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,670,139,466 |
| Stories: | 8,333,036 |
Whistler Blowers, Insiders
