Ethereum Surpasses Bitcoin in Long-Term Holder Metrics

user avatar

by Giorgi Kostiuk

2 years ago

In a recent tweet, analytics platform IntoTheBlock shared a chart highlighting the long-term holder ratios for Ethereum and Bitcoin. According to the data, 74.7% of Ethereum addresses are identified as long-term holders, significantly surpassing Bitcoin.

Current Long-Term Holder Situation

Currently, 74.7% of Ethereum addresses are long-term holders. This reflects a significant shift in Ethereum's investor base towards long-term holding.

Factors Influencing Long-Term Holding

Factors include staking, which encourages holders to lock their assets for extended periods, reducing selling pressure. The Shapella upgrade also marked a milestone by enabling staking withdrawals from April 12, 2023.

Ethereum Price Action

Despite the strong holding trend, the behavior may shift if Ethereum's price approaches its previous highs, as investors historically tend to take profits at significant levels.

The current trend in Ethereum holding behavior reveals growing investor confidence in its long-term potential, though price dynamics may influence this trend.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

New Debate on Zcash Developer Fund's Future

A new argument has emerged within the Zcash community regarding the future of its developer fund, with calls for it to expire after 2028.

user avatarMaria Gutierrez

Hyperliquid Introduces Manual Borrowing for Enhanced Trading

Hyperliquid has launched a manual borrowing feature that allows users to borrow spot USDC and USDT against collateral positions, including HYPE and Bitcoin.

user avatarDavid Robinson

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.