🔥Hot off the press!🔥
While Bitcoin (BTC) holders have been cashing out, Ethereum (ETH) hodlers are playing a different game. They're steadily stacking up their ETH stash. 💰
👀 Here's why:
• Long-term ETH holders are seeing lucrative yield opportunities, making it more tempting to hold.
• A whopping 27.5% of total ETH supply is staked, with 16.3% of this being restaked via protocols like Eigenlayer, Karak Network, and Symbiotic. This shows a strong demand for native yield among ETH holders.
• Many are likely waiting for the spot Ethereum ETF approval and new all-time highs before deciding to sell.
Meanwhile, BTC transactions have taken a plunge despite healthy investor profitability. This could point to a decreased appetite for speculation among investors. 📉
What's your take on this? Are you team #ETH or #BTC? Let's chat in the comments! 👇 #CryptoNews #DeFi