IntoTheBlock, an on-chain data analytics platform, shared a chart of the percentage of long-term holders of Bitcoin and Ethereum over the past year in its latest tweet.
Data shows that the current proportion of long-term holders of Bitcoin is 62.31%, while the proportion of long-term holders of Ethereum is 75.06%. Although the proportion of long-term holders of Bitcoin among all holders has declined, the proportion of long-term holders of Ethereum has declined. The proportion of coin holders has increased, surpassing Bitcoin since the beginning of the year.
However, some analysts believe that this trend is due to the poor price performance of Ethereum, resulting in a lack of exit opportunities for long-term holders, rather than the market being more bullish on Ethereum than Bitcoin.
However, according to a report released by GTRadar last week, Ethereum has historically had the highest return rate in Q1, coupled with the fact that Bitcoin's market cap is currently at a relatively high point, and a more favorable regulatory environment for innovation, the performance of Ethereum in the first quarter of 2025 is still worth looking forward to.
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