The number of long-term Ether holders steadily increased throughout 2024 while the number of Bitcoin holders fell over the last year, amid rising confidence in ETH heading into the new year.

In a Dec. 30 post to X, citing data from its platform, IntoTheBlock shared that the total percentage of Ether (ETH) who had held their tokens for the long haul had risen from 59% in January to 75% by the end of 2024.

Meanwhile, the number of long-term Bitcoin (BTC) holders witnessed a steady decline from roughly 70% to 62% in the same timeframe.

As of Dec. 30, the proportion of long-term Bitcoin holders stands at 62.31% while the proportion of long-term Ethereum holders rests at 75.06%.

IntoTheBlock has previously described long-term holders as those holding an asset for more than a year.

While this metric is one of many that investors can look at to gauge market sentiment towards major crypto assets, a continued shift toward long-term holding for ETH also suggests growing confidence in the asset heading into 2025.

Van Lagen suggested this move was driven largely by long-term holders cashing out amid a period of euphoria but maintained a distinctly bullish outlook on BTC, predicting the asset was on track to surpass a price of $200,000 in the near future.

Meanwhile, in the last month, inflows into spot Ether ETFs have doubled, surging from $1 billion in net inflows in November to $2.1 billion worth of cumulative net inflows in December.

Several experts from different sectors of the crypto industry believe that a Trump administration will prove beneficial to ETH in particular.

They cited a swathe of new developments for taking a bullish stance on ETH heading into 2025, ranging from the demise of “financial nihilism,” a complete overhaul of the SEC, the addition of staking to Ether ETFs, and increased regulatory oversight from the Commodity Futures Trading Commission (CFTC).

블록테크미디어 DANIEL KIM desk@blocktechmedia.com DANIEL KIM의 기사 더보기

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