Report: Bitcoin long-term holders have started selling since January, while Ethereum long-term holders are still accumulating

ChainCatcher news, IntoTheBlock released a report indicating that data shows Bitcoin long-term holders began selling in January, while Ethereum long-term holders are still accumulating. Currently, 27.5% of Ethereum's total market cap supply is staked, with 16.3% of staked ETH being re-staked through protocols like Eigenlayer. This highlights the strong demand for native yields among ETH holders. Additionally, long-term holders may be waiting for Ethereum ETF approval and a new all-time high before deciding to sell.

IntoTheBlock states that as market prices rise, long-term holders begin to sell the assets they have accumulated over time. Historical data shows that this profit-taking typically starts in the early stages of a bull market and continues until after the cycle peak, so monitoring this activity helps to more accurately estimate market peaks.