Throughout 2024, the number of long-term Ethereum (ETH) holders saw a significant rise, contrasting with a decline among Bitcoin (BTC) holders. Data from IntoTheBlock indicates that the percentage of Ether investors holding their assets for over a year increased from 59% in January to 75% by the year’s end. Conversely, Bitcoin holders decreased from 70% to approximately 62% in the same period.
The rise in Ethereum’s long-term holders signals growing market confidence in the asset as it heads into 2025. While IntoTheBlock’s data suggests a shift towards maintaining ETH for the long haul, technical analyst Ger Van Lagen commented that Bitcoin’s recent price drop from $106,000 to $93,000 was mainly due to long-term holders cashing out amidst a wave of market enthusiasm. However, Van Lagen still holds a bullish view, predicting Bitcoin could surpass $200,000 soon.
Additionally, December saw a spike in inflows into spot Ether ETFs, doubling from $1 billion in November to $2.1 billion. Experts suggest that the political climate, particularly under a potential Trump administration, may favor Ethereum, citing increased regulatory developments, the demise of “financial nihilism,” and enhancements to staking options as positive factors for ETH in 2025.
