In recent months, long-term Ethereum holders have continued to increase their balances, evidencing growing confidence in cryptocurrency. New data supports this trend.
Increase in Holdings of Long-term ETH Holders
According to IntoTheBlock, long-term Ethereum holders currently own 110 million ETH, indicating growing confidence in the altcoin amidst market volatility. Of all holders, 74% have held tokens for over a year, with large holders controlling 53% of the total volume.
Whale Role and Market Impact
According to Santiment data, 104 whale wallets hold nearly 58% of all existing ETH tokens. This is a record value that suggests positive changes in the sentiments of large holders. Conversely, mid-level holders own only 33% of the total volume, indicating a shift towards larger accumulation.
Bitwise Predictions for 2025
Juan Leon, senior investment strategist at Bitwise, stated that Ethereum would benefit from several big trends in 2025. ETH has consolidated as the most tested platform for smart contracts with 81% of the market share.
Increasing interest from major holders in Ethereum, along with positive forecasts for the coming years, indicate the potential for significant growth in cryptocurrency. Market confidence trends are evolving towards more sustainable levels.
