As the year 2024 comes to a close, there is a growing trend in the cryptocurrency market that suggests increasing confidence in Ethereum (ETH). According to data from IntoTheBlock, the total percentage of long-term Ether holders has steadily increased throughout the year, reaching a new high of 75.1% by December 30th.
Long-Term Holders: A Measure of Market Sentiment
IntoTheBlock defines long-term holders as those who have held their tokens for more than a year. This metric is an important indicator of market sentiment, as it suggests that investors are committed to holding onto their assets rather than selling them in the short term.
Rise of Long-Term Ether Holders: A Growing Trend
The percentage of long-term Ether holders has increased significantly throughout 2024. In January, this number was at 59%, but by December 30th, it had risen to 75.1%. This trend suggests that investors are becoming increasingly confident in Ethereum’s value and future prospects.
In Contrast: Long-Term Bitcoin Holders Decline
However, the trend is not the same for Bitcoin (BTC). According to IntoTheBlock data, the percentage of long-term Bitcoin holders has actually decreased over the past year. In January, this number was at 70%, but by December 30th, it had fallen to 62.3%.
Expert Opinions: A Bullish Outlook on Ethereum
Several experts in the cryptocurrency industry have weighed in on the trend of long-term Ether holders. One such expert is Ger Van Lagen, a technical analyst who has been tracking Bitcoin’s price movements. In a recent post to X, Van Lagen suggested that Bitcoin’s price was experiencing a "blowing off" effect, where the asset’s value surges before eventually correcting.
Why Ethereum May be Poised for Growth
While Van Lagen maintained a bullish outlook on BTC, several other experts have pointed to specific developments that could boost Ethereum’s growth in 2025. These include:
- Increased regulatory oversight from the Commodity Futures Trading Commission (CFTC): This development is expected to provide greater clarity and stability for the cryptocurrency market.
- The addition of staking to Ether ETFs: Staking allows investors to "stake" their Ethereum tokens, earning rewards in the form of new ETH. This feature is expected to increase investor engagement with the asset.
- A shift towards a more positive regulatory environment: The arrival of a new administration may signal a move away from the "financial nihilism" that has characterized some regulatory approaches in the past.
Inflows into Ethereum Spot ETFs Surge
The trend of long-term Ether holders is also reflected in investor inflows into Ethereum spot ETFs. In the last month, these inflows have doubled, reaching $2.1 billion worth of cumulative net inflows in December. This surge suggests that investors are increasingly confident in Ethereum’s value and future prospects.
Conclusion
The trend of long-term Ether holders is a positive sign for Ethereum’s growth in 2025. As more investors commit to holding onto their tokens, the asset’s value is likely to continue growing. While some experts remain bullish on Bitcoin, others point to specific developments that could give Ethereum an edge in the coming year.
- Why Ethereum Maxi’s Say ETH Will Be The ‘Comeback Kid’ Of 2025: This article explores the reasons why investors are optimistic about Ethereum’s growth prospects.
- Comeback 2025 — Is Ethereum Poised To Catch Up With Bitcoin And Solana?: In this piece, we examine the potential for Ethereum to catch up with other major cryptocurrencies in the coming year.
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