Report: Bitcoin long-term holders began to reduce their holdings in January, while Ethereum long-term holders accumulated

Odaily News According to a recent report released by IntoTheBlock, data shows that while long-term Bitcoin holders began selling in January, long-term Ethereum holders are still accumulating. This is in stark contrast to its behavior in the previous cycle, when the latter behaved very similarly to that of Bitcoin holders. Currently, 27.5% of the total market value of Ethereum is staked, of which 16.3% of the staked ETH is re-staked through protocols such as EigenLayer. This highlights the strong demand for native returns among ETH holders. In addition, long-term holders may be waiting for the Ethereum ETF to be approved and set a new all-time high before deciding to sell. In addition, long-term holders may be waiting for the Ethereum ETF to be officially approved for listing and set a new all-time high before deciding to sell.