Ethereum Investors Accumulate Steadily as Bitcoin Holders Cash Out: ITB

Historically, Bitcoin has played a crucial role in driving market trends. Due to this substantial influence over other cryptocurrencies, BTC has, time and again, served as a primary indicator.The behavior of long-term holders is crucial for gauging market cycles. As price increases, these investors start offloading their accumulated assets, which, in turn, begins the early stages of a bull market and continues its peak.

Currently, IntoTheBlock estimates that 27.5% of the total ETH supply is staked. Meanwhile, 16.3% of this staked ETH is beingvia protocols such as Eigenlayer, Karak Network, and Symbiotic. Such a trend demonstrated a strong demand for native yield among ETH holders.

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