Ethereum Long-Term Holders Now Control 78% of Circulating Supply Amid Market Downturn

  • Ethereum long-term investors are currently retaining approximately 78% of the cryptocurrency’s circulating supply.
  • According to IntoTheBlock, these long-term holders have added to their holdings amid recent market downturns.
  • This trend indicates strong investor confidence in Ethereum, as it reduces the coins in circulation and potentially limits price declines.

Ethereum long-term investors are strengthening their position, holding 78% of the circulating supply, showing a bullish trend for the cryptocurrency.

Dominance of Long-term Ethereum Holders

Long-term Ethereum ($ETH) holders, defined as those who have held the asset for over a year, now control approximately 78% of its circulating supply. This finding from on-chain analytics firm IntoTheBlock points to a significant consolidation of $ETH among investors with a long-term outlook. These seasoned holders are believed to be less prone to selling during market fluctuations, thereby stabilizing the asset’s price.

Increase in Holdings Amid Market Downturn

Despite recent market downturns, long-term holders have continued to accumulate more Ethereum. IntoTheBlock’s data indicates a steady increase in the supply held by these investors over the past year. This trend highlights their confidence in Ethereum’s long-term potential and suggests that a substantial amount of $ETH is effectively being taken out of the liquid market, which could limit any significant downward pressure on the price.

Comparison with Bitcoin Holders

Interestingly, while Bitcoin’s long-term holders have started to offload some of their holdings, Ethereum’s long-term investors are on a different trajectory. There’s a stark contrast between the two largest cryptocurrencies, as Ethereum investors continue to amass more tokens. This divergence is noteworthy since historically, Ethereum’s long-term holder behavior has often aligned closely with that of Bitcoin’s holders. IntoTheBlock emphasizes that understanding the behavior of these long-term investors is crucial in deciphering market cycles, as their actions typically signal broader market trends.

Investment Product Outflows and Market Impact

The recent data also reveal significant outflows from Ethereum-focused investment products exceeding $60 million in a week. Despite this, Ethereum’s long-term holders have remained undeterred, continuing to accumulate more tokens. This behavior is seen differently compared to the actions of long-term Bitcoin holders, who have been selling off their holdings. The contrasting actions between the two groups of investors underline differing levels of market confidence and perceived value in the long run for these cryptocurrencies.


The ongoing accumulation of Ethereum by long-term holders underscores a positive sentiment and strong conviction in the cryptocurrency’s future. With 78% of its circulating supply now held by investors with a long-term perspective, Ethereum appears to be in a bullish phase. These investors’ continued accumulation, even amidst broader market downturns and significant outflows from investment products, suggests that they anticipate a favorable long-term trend for Ethereum, potentially stabilizing its price and paving the way for future growth.

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Gideon Wolf
Gideon Wolf
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

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