On-chain data shows that HODLing sentiment on the ethereum network has grown throughout 2024, while bitcoin sentiment has lost steam.
75% of all ethereum addresses are long-term holders
in a new <a target="_blank" href="https://x.com/intotheblock/status/1873368615459627377″ target=”_blank” rel=”noopener nofollow”>mail At x, market intelligence platform IntoTheBlock has talked about how ethereum and bitcoin compare to each other in terms of long-term holders.
“Long-term holders” (LTH) refer to addresses that have held their coins for more than a year, without having involved them in a single transaction.
It is a statistical fact that the longer an investor holds his coins, the less likely he is to sell them at any time, so it can be assumed that LTHs, who hold for appreciable periods of time, are quite determined entities.
Below is the chart shared by IntoTheBlock showing how the LTH ratio for bitcoin and ethereum has changed over the past year.
<img decoding="async" class="alignnone aligncenter" src="https://technicalterrence.com/wp-content/uploads/2025/01/Data-Shows-ETH-HODLing-Now-Stronger.jpeg" alt="ethereum Long-Term Holders vs. bitcoin” width=”2160″ height=”2160″/>
Looks like eth has surpassed btc in terms of this metric | Source:<a target="_blank" href="https://x.com/intotheblock/status/1873368615459627377/photo/1" target="_blank" rel="noopener nofollow"> IntoTheBlock on x
As shown in the chart, bitcoin started 2024 with a higher proportion of its addresses qualifying as LTH than ethereum. However, in the first few months of the year, a shift began to occur as eth's HODLer percentage increased while btc's decreased.
It didn't take long before the cryptocurrency that ranks second in terms of market capitalization surpassed the first in this indicator. ethereum started the year with less than 60% of its investors falling into the LTH pool, but with the growth in HODLing sentiment that has occurred throughout the year, the figure today stands at 75%.
At the same time, bitcoin's LTH percentage has continuously decreased, but the scale of the decrease has not been much. Over 62% of cryptocurrency investors are currently holding tokens dormant for over a year.
The fact that more investors are becoming diamond hands on the ethereum network can naturally be positive for the asset's price as it suggests that there are fewer holders willing to part with their tokens. bitcoin's decline, on the other hand, indicates a weakening of resolve, which may end up being bearish.
In other news, the cryptocurrency market is heading towards the end of 2024 on a cold note in terms of trading volume, as noted by on-chain analytics firm Santiment in an x <a target="_blank" href="https://x.com/santimentfeed/status/1872777533554401359″ target=”_blank” rel=”noopener nofollow”>mail.
<img loading="lazy" decoding="async" class="alignnone aligncenter" src="https://technicalterrence.com/wp-content/uploads/2025/01/1736085977_582_Data-Shows-ETH-HODLing-Now-Stronger.jpeg" alt="bitcoin and ethereum Trading Volume” width=”3187″ height=”1789″/>
The trend in the trading volume for the various segments of the digital asset sector | Source: <a target="_blank" href="https://x.com/santimentfeed/status/1872777533554401359/photo/1" target="_blank" rel="noopener nofollow"> Santiment on x
The chart above shows data on the combined trading volume of the different market segments. He It appears that all sides of the market, including large caps like bitcoin and ethereum, have seen a recent decline in trading activity..
Historically, low market interest has generally meant a flat trajectory for the prices of various currencies.
btc Price
ethereum has been consolidating sideways since its crash earlier in the month, as its price is still trading around $3,350.
x/sKnEhD5A/” alt=”ethereum price chart” width=”1486″ height=”889″/>
The price of the coin seems to have been following a downtrend in recent days | Source: ETHUSDT on TradingView
Featured image by Dall-E, Santiment.net, IntoTheBlock.com, TradingView.com chart
