IntoTheBlock: Bitcoin long-term holders began selling off from January, but Ethereum long-term holders are still accumulating

IntoTheBlock released a report indicating that data shows Bitcoin long-term holders began selling from January, but Ethereum long-term holders are still accumulating. Currently, 27.5% of the total market value of Ethereum is in a staked state, with 16.3% of the staked ETH re-staked through protocols like Eigenlayer. This highlights the strong demand for native returns among ETH holders. In addition, long-term holders may be waiting for approval of an Ethereum ETF and setting new historical highs before deciding to sell. IntoTheBlock stated that as market prices rise, long-term holders begin to sell assets accumulated over time. Historical data shows that this profit-taking usually begins in the early stages of a bull market and continues after the cycle peak, so monitoring this activity can help more accurately estimate market peaks.