Ethereum Holders Are More Willing Than Bitcoin Investors to Part With Coins: Glassnode

A recent report by Glassnode reveals that Ethereum (ETH) holders are significantly more active in moving and selling their coins compared to Bitcoin (BTC) investors. This behavior is attributed to the Ethereum network's functionality, which requires ETH for transaction fees in various decentralized applications. Unlike Bitcoin, which is often viewed as 'digital gold' and hoarded by its holders, Ether is treated more like 'digital oil,' actively utilized in transactions. Glassnode's analysis indicates that ETH's long-term holders are parting with their coins at a rate three times faster than that of BTC holders, indicating a greater willingness to utilize their assets. The report highlights that while both ETH and BTC can serve as stores of value, ETH's inherent use cases in smart contracts and decentralized finance drive its mobility. Furthermore, on a day of notable capital outflows from established crypto funds, including BTC and ETH ETFs, the long-term dynamics of both assets continue to diverge, reflecting different investor behaviors and market applications.

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