Long-Term Bitcoin$BTC Investors are Cashing Out While ETH$ETH Holders Keep Accumulating: Data
Long-term Bitcoin (BTC) investors have begun selling their holdings, whereas long-term Ethereum (ETH) investors are still accumulating.
Here are some key points to consider
- Historically, Bitcoin (BTC) has driven market trends, but a divergence in behavior between long-term BTC and ETH holders has been observed.
- Long-term ETH holders are accumulating despite BTC holders selling, contrasting with the last cycle when ETH holders mirrored BTC investors' actions.
- This shift is attributed to attractive yield opportunities within the Ethereum ecosystem.
- 27.5% of the total ETH supply is currently staked, with 16.3% being re-invested through protocols like Eigenlayer, Karak Network, and Symbiotic.
- Potential approval of a spot-traded Ethereum ETF could also be influencing ETH holders' behavior, as they await regulatory milestones and potential price increases before selling.
