Recently, compared to Bitcoin's consolidation at the low of 90,000 dollars, Ethereum's performance has been stronger. Ethereum broke through 3,400 dollars, currently reported at 3,410 dollars, up 1% in the last 24 hours and up 4% in the last 7 days. In contrast, Bitcoin fell 1.1% in the last 24 hours and even briefly dropped below 93,000 dollars earlier today, reaching a low of 92,868.96 dollars.

ETH/BTC ratio rebounded 2.3%

With the strengthening of Ethereum, the ETH/BTC ratio rebounded 2.3% from the low of 0.03575 this morning, reaching a high of 0.03657 around 9 o'clock, setting a new high for the week. As of the time of writing, the ETH/BTC ratio is reported at 0.03633, up 1.48% in the last 24 hours.

BTC.D has dropped to 57.63%

At the same time, as Bitcoin's performance has been relatively weak, BTC.D (Bitcoin market share) has shown a decline, dropping to a low of 57.63%, which is a decrease of 6.33% compared to the high of 61.53% set last month. As of the time of writing, BTC.D has slightly rebounded to 57.75%, down 0.43% in the last 24 hours.

The decline in BTC.D and the relative strength of ETH have made the market full of expectations for ETH to regain its advantage next year, and it is expected to lead a new wave of altcoin season.

The proportion of long-term ETH holders exceeds Bitcoin by 10%

The firm belief in Ethereum is not just empty talk; over the past year, the proportion of long-term holders of Bitcoin and Ethereum shows that the proportion of long-term Bitcoin holders has gradually declined, while the proportion of Ethereum holders has continued to rise, surpassing Bitcoin in March this year.

As of now, data shows that the proportion of long-term Bitcoin holders is 62.31%, while Ethereum has reached 75.06%. Although the proportion of long-term Bitcoin holders among all holders has decreased, the proportion of Ether holders has increased, surpassing Bitcoin since the beginning of the year. The market's bullish sentiment towards Ether has started to gradually exceed that of Bitcoin.

Historically, Ether has the highest return rate in Q1 each year. Coupled with Bitcoin's market cap proportion currently at a relatively high point, as well as a regulatory environment more favorable to innovation, the performance of Ether in Q1 2025 is still worth looking forward to.

ETH leveraged long positions grew by 50% in a week

The leveraged long position of ETH has grown from less than 71,000 ETH on December 22 to the current 104,847.23 ETH, an increase of 48%. This reflects the market's high expectations for its future rise during the consolidation period at low levels.

A smart money whale (address starting with 0xEd0) withdrew 40,000 ETH from Bitfinex 2 hours ago, with a total value of about 133 million dollars, at an average price of 3,326.7 dollars. Subsequently, the whale deposited 20,000 ETH into Aave and borrowed 40 million USDC, and has now fully recharged this USDC to Binance, possibly preparing for further accumulation.

Does the recent performance of ETH and the operations of whales indicate that Ethereum will rise strongly? Will the altcoin season bloom in full? This is worth close attention.

Recently, it is recommended that everyone maintain a defensive allocation, increasing the allocation of top assets BTC and ETH to enhance the hedging properties of assets. While hedging risks, participation in some high-yield DeFi projects is also possible.