Throughout 2024, the number of long-term Ethereum (ETH) investors has seen a remarkable increase, while the number of Bitcoin (BTC) investors declined during the same period. Ethereum investors have demonstrated a stronger commitment to long-term investment compared to their Bitcoin counterparts.
Details of the Increase
Blockchain analytics firm IntoTheBlock announced in a December 30 post on X that the proportion of long-term Ethereum investors rose from 59% in January to 75% by the end of the year. In contrast, Bitcoin’s long-term investor ratio declined from 70% to 62% over the same period.
IntoTheBlock defines long-term investors as those holding an asset for over a year. This upward trend in Ethereum data indicates growing market confidence in the cryptocurrency as we head into 2025.
Current Bitcoin Dynamics
Bitcoin (BTC) experienced a correction after reaching an all-time high (ATH) of $106,000 on December 16, falling back to $93,000. This decline has been largely attributed to long-term investors realizing profits during the price surge.
While corrections are a common feature of the Bitcoin market, certain dynamics stand out. Bitcoin often follows a cyclical pattern where significant price increases are followed by corrections. Despite the current selling pressure, analysts maintain a positive long-term outlook for the cryptocurrency.
Expectations for Ethereum in 2025
As we approach 2025, many experts predict that Ethereum will enter a new bullish trend. The year 2024 has been marked by increased confidence among Ethereum’s long-term investors and short-term selling pressure in the Bitcoin market.
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