Bitcoin Long-Term Holders Shift to Ethereum, ETH Price ATH Soon?

Throughout 2024, the number of long-term Ethereum holders has been on the rise while that for Bitcoin BTC $94 244 24h volatility: 0.3% Market cap: $1.87 T Vol. 24h: $26.58 B has been declining. This shows a clear shift in preference from Bitcoin to Ethereum in anticipation of a strong ETH price ETH $1 797 24h volatility: 0.5% Market cap: $216.90 B Vol. 24h: $13.77 B rally in 2025.

Blockchain analytics platform IntoTheBlock reported that the total percentage of Ethereum long-term investors has surged from 59% in January to 75% by the end of 2024. On the other hand, the total percentage of long-term Bitcoin holders dropped from 70% to 62% in the same timeframe. As of December 30, long-term holders accounted for 62.3% of Bitcoin ownership, while Ethereum’s long-term holder proportion stood at 75.06%.

Ever since mid-December, long-term Bitcoin holders have resolved to heavy profit-booking while depositing a large number of BTC to crypto exchanges. As a result, the Bitcoin price corrected sharply from its all-time high of $108K and is currently struggling to stay above the crucial support of $95,000.

However, crypto market analysts continue to remain bullish for BTC moving into 2025. But for Bitcoin to scale to new highs, it must first cross the $100K resistance convincingly. In the near term, BTC remains bearish as popular trader Peter Brandt cites the formation of a head-and-shoulders pattern that might push Bitcoin all the way to $78,000.

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This is a head and shoulders top pattern. It might complete and take price to $78,000; it might fail with a thrust hire: or, it might morph into something else. But as it stands right now, it is a head and shoulders top and must be chartist dealt with for what it is. pic.twitter.com/b9AUUO7ddL

— Peter Brandt (@PeterLBrandt) December 29, 2024

ETH Price Surge, Will Ethereum Outperform Bitcoin in 2025?

Throughout 2024, Ethereum has been underperforming Bitcoin. while BTC and other altcoins managed to hit fresh all-time highs, ETH price has struggled to surge past $4,000 levels. Despite this, market expectations from Ethereum are very high with analysts saying that it would outperform Bitcoin in 2025.

Crypto analyst Daan Crypto Trades highlights Ethereum’s (ETH) ongoing attempt to establish a higher low against Bitcoin (BTC), suggesting a potential trend reversal on higher timeframes.

According to the analysis, breaking the crucial 0.04 BTC level would confirm this reversal, reducing Bitcoin dominance (BTC.D) and potentially triggering a broader rally in altcoins. Historically, the ETH/BTC pair has performed well during the first quarter, adding weight to the optimistic outlook.

Over the past month, spot Ether ETFs have witnessed a significant surge in inflows, doubling from $1 billion in net inflows in November to $2.1 billion in cumulative net inflows by December. Industry experts across various crypto sectors believe that the Trump administration’s policies could particularly benefit Ethereum (ETH).

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