According to Odaily Planet Daily, Glassnode data shows that the number of long-term Ethereum holders has reached a new high. The HODL Waves chart shows that Ethereum held for 1 to 3 years is clearly concentrated, indicating that a large amount of Ethereum acquired during 2021-2022 is still being held. The 1-2 year and 2-3 year ranges reflect these holdings, accounting for a large part of the total supply.
This holding pattern indicates that investors are confident in the long-term value of Ethereum, and a significant portion of investors choose to retain their Ethereum holdings rather than sell them due to market volatility. The decline in the proportion of Ethereum held for less than 6 months further supports this trend.
Additionally, the percentage of Ethereum held for more than 7 years has increased, representing long-term holders who have experienced multiple market cycles.
