ETH Soars to 75% Long-Term Holders as BTC Drops Below 62%

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Ethereum Soars to 75% Long-Term Holders as Bitcoin Drops Below 62%

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 30, 2024

Key Takeaways

Ethereum long-term holders grew from 59% to 75% in 2024, while Bitcoin's holders declined by 62%;
Bitcoin’s price hit $106,000 before dropping to $93,000, with long-term holders reducing stakes;
Spot Ether ETFs saw inflows surge from $1B in November to $2.1B by December.

Ethereum Soars to 75% Long-Term Holders as Bitcoin Drops Below 62%

According to a December 29 post on X from IntoTheBlock, the number of Ethereum ETH $3,463.27 long-term holders steadily increased in 2024.

The data revealed that those holding Ethereum for over a year grew from 59% at the start of the year to 75% by December.

In contrast, Bitcoin’s BTC $96,504.55 long-term holders fell from 70% to 62% during the same period.

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IntoTheBlock stated, "While the share of long-term Bitcoin decreased, the percentage of long-term ETH holders climbed, surpassing that of Bitcoin early in the year".

By December 30, Ethereum had 75.1% of its tokens held by long-term investors, compared to 62.3% for Bitcoin. IntoTheBlock defines long-term holders as those who retain assets for more than a year.

In mid-December, technical analyst Ger Van Lagen commented on Bitcoin’s price trends, noting that it was entering a “blow-off” phase. Bitcoin reached an all-time high of $106,000 before falling to $93,000 between December 16 and December 30.

While Bitcoin holders were reducing their stakes, Ethereum attracted increasing interest from individual and institutional investors.

Spot Ethereum exchange-traded funds (ETFs) surged from $1 billion in November to $2.1 billion by December.

Meanwhile, Solana’s SOL $207.83 Jito Pool recently shattered records with a $100 million monthly revenue surge. What’s driving this growth? Read the full story.