This article is about blockchain, business, and technology news. Here’s the summary:
The number of long-term Ether holders has increased throughout 2024, while the number of Bitcoin holders has decreased. According to IntoTheBlock data, long-term Ether ownership rose from 59% in January to 75% by the end of the year. During the same period, long-term Bitcoin ownership fell from 70% to 62%.
This trend shows that investors are growing confident in ETH. Technical analyst Ger Van Lagen noted that the decline in Bitcoin prices was due to long-term holders selling. However, he predicts that BTC could exceed $200,000 in the future.
Positive expectations for ETH are supported by increasing inflows into spot Ether ETFs. As we enter 2025, experts from different sectors believe that a Trump administration could be beneficial for ETH. We welcome your comments.