The percentage of long-term ETH holders has skyrocketed this year to surpass Bitcoin for the second time ever. According to data from on-chain analytics platform IntoTheBlock, Ethereum has done pretty well in its percentage of long-term holders this year, with over 70% of investors currently holding on to their assets for more than a year, a new milestone for the blockchain.

ETH Long-Term Holders Now Top BTC

Ethereum’s price activity has largely underperformed this year when compared to Bitcoin. But this isn’t surprising, as Bitcoin has led the entire industry in bullish metrics and investor confidence this year. However, data from IntoTheBlock suggest more Ethereum investors are holding onto ETH for the long haul, hopefully with the belief that it will continue to rise substantially in value over time. 

Long-term holders are investors who refuse to sell their crypto even during times of market volatility and price depreciation. They are particularly important in maintaining the overall health of any blockchain, as they help to provide stability and reduce price volatility.

History has shown Ethereum surpassing Bitcoin as regards this metric only once before. It’s important to note that the last time this happened, ETH would go on to lead in this metric over the subsequent months.

2023 Review! This year, the percent of long-term $ETH holders surpassed that of Bitcoin for the second time ever! pic.twitter.com/i6kDzAjzgM

— IntoTheBlock (@intotheblock) December 30, 2023

On the other hand, In/Out of the Money metric by Go to Source to See Full Article
Author: Scott Matherson

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details