Report: Bitcoin long-term holders began to reduce their holdings in January, while Ethereum long-term holders accumulated

Odaily Planet Daily News According to a recent report released by IntoTheBlock, data shows that while long-term Bitcoin holders have been selling since January, long-term Ethereum holders are still accumulating. This is in stark contrast to its behavior in the previous cycle, when the latter's behavior was very similar to that of Bitcoin holders. Currently, 27.5% of the total market value of Ethereum is pledged, of which 16.3% of the pledged ETH is re-pledged through protocols such as EigenLayer. This highlights the strong demand for native returns among ETH holders. In addition, long-term holders may be waiting for the approval of the Ethereum ETF and a record high before deciding to sell. In addition, long-term holders may be waiting for the Ethereum ETF to be officially approved for listing and a record high before deciding to sell.