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Ethereum Surpasses Bitcoin in Long-Term Holder Metrics

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by Giorgi Kostiuk

a year 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.

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