ETH outshines BTC
An in-depth evaluation by AMBCrypto revealed that the share of ETH holders who stored their property for over a 12 months rose from 59% in January 2024 to 75% by December 2024, in keeping with IntoTheBlock information.
This contrasted sharply with Bitcoin, the place the proportion of long-term holders declined from 70% to 62.3% over the identical interval.
Supply: IntoTheBlock
The rising retention price for Ethereum urged heightened confidence amongst traders, pushed by expectations of future community upgrades and broader utility.
In the meantime, Bitcoin’s decline in long-term holders could replicate profit-taking or diversification methods, indicating a possible shift in market sentiment as traders prioritize ETH heading into 2025.
Worry and Greed Index drops to two-month low
Notably, shedding HODLers wasn’t the one downside the king coin was going through. It’s Crypto Worry and Greed Index fell to 64 on the thirty first of December, marking the bottom stage because the fifteenth of October.
This decline mirrored waning market optimism as Bitcoin tumbled over 12% prior to now two weeks to commerce close to $93,000.
Supply: Binance Sq.
After peaking at 94 in November—pushed by pleasure surrounding pro-crypto U.S. election outcomes, the index remained above 70 for a lot of December earlier than the current pullback. The drop signaled a shift from excessive greed to a extra cautious sentiment amongst traders.
Whereas greed nonetheless dominated, the decline highlighted heightened issues about short-term market volatility as merchants reacted to Bitcoin’s worth actions and the broader market’s blended indicators.
Learn Ethereum [ETH] Price Prediction 2025-2026
BTC in an accumulation part?
Regardless of the dip, investor James Williams believes Bitcoin is getting into an important accumulation part. In his newest X (previously Twitter) put up, Williams described the present circumstances as a possibility for long-term positioning.
Williams predicted a consolidation interval over the approaching weeks, probably setting the stage for a major breakout. Assured in Bitcoin’s long-term trajectory, Williams views the present worth motion as a part of a pure market cycle and forecasts a worth of $131,500 or increased by Q1 2025, calling such ranges “inevitable.”
He emphasised that having persistence in periods of consolidation typically rewards traders, as such phases traditionally precede substantial upward strikes in Bitcoin’s worth.
