🚀Buckle up, Bitcoin enthusiasts! The crypto world is seeing a fascinating divergence in trends. While Bitcoin's long-term holders have been cashing out since January, Ethereum holders are on a steady accumulation spree! 📈

This shift in behavior is a departure from the last cycle, where Ethereum holders' actions closely mirrored those of Bitcoin. The reason? Ethereum's growing yield opportunities, making it more lucrative to hold. 💰

IntoTheBlock's latest analysis reveals that 27.5% of the total ETH supply is staked, with 16.3% of this staked ETH being restaked via protocols like Eigenlayer, Karak Network, and Symbiotic. This trend demonstrates a strong demand for native yield among ETH holders. 💹

Many long-term Ethereum holders could be waiting for the spot Ethereum ETF approval and new all-time highs before deciding to sell. With more than 83% of ETH holders currently sitting on profit, the asset could witness a significant rally going forward. 🎉

Meanwhile, Bitcoin, despite having almost 90% of its holders in profit, is experiencing a bearish trend as it hovers near a crucial demand zone. Glassnode's analysis also reveals a significant decline in the volume of transactions on the Bitcoin network, indicating a decreased appetite for speculation among investors. 📉

So, while Bitcoin continues to play a crucial role in driving market trends, it's clear that Ethereum is carving its own path. Stay tuned for more exciting updates! 🌐🚀