Ethereum holders keep accumulating Ether ahead of ETF and new yield opportunities

Ethereum’s (ETH) long-term holders have continued scooping up Ether while Bitcoin’s long-term holders shed their holdings.

Bitcoin long-term holders shed their holdings while Ethereum holders continue accumulating, per IntoTheBlock data. Ethereum holders prepare for new yield opportunities and the upcoming ETFs, likely driving the divergence between BTC and ETH. BTC and ETH wiped out nearly 2% of its value in the past seven days on Binance. Ethereum’s long-term holders have continued scooping up Ether while Bitcoin’s long-term holders shed their holdings.

In the case of Ether, long-term holder behavior suggests that they believe in the potential of gains in the altcoin. Long-term holder behavior The upcoming Ethereum ETF and the yield from staking and re-staking opportunities are likely catalysts driving the thesis of potential gains.

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