Recently, compared to Bitcoin's consolidation at the $90,000 low level, Ethereum's trend has been stronger. Ethereum broke through $3,400 and is currently trading at $3,410, up 1% in the past 24 hours and 4% in the past 7 days. In comparison, Bitcoin has fallen 1.1% in the past 24 hours, and even dipped below $93,000 earlier today, touching $92,868.96.
VX: TTZS6308
ETH/BTC ratio rebounds 2.3%
With Ethereum's strength, the ETH/BTC ratio has rebounded 2.3% from the day's low of 0.03575, reaching a high of 0.03657 around 9 am, a new high in the past week. As of the time of writing, the ETH/BTC ratio is currently at 0.03633, up 1.48% in the past 24 hours.
BTC.D drops to 57.63%
Meanwhile, with Bitcoin's relatively weak performance, BTC.D (Bitcoin's market dominance) has been declining, dropping to as low as 57.63%, down 6.33% from the high of 61.53% set last month. As of the time of writing, BTC.D has slightly rebounded to 57.75%, down 0.43% in the past 24 hours.
The decline in BTC.D and the relative strength of ETH have led the market to expect ETH to regain its advantage next year, and it is expected that this may lead to the arrival of a new altcoin season.
The proportion of long-term Ethereum holders exceeds Bitcoin by 10%
The unwavering faith in Ethereum is not just talk. Over the past year, the proportion of long-term holders of Bitcoin and Ethereum has shown that the proportion of long-term Bitcoin holders has been gradually declining, while the proportion of Ethereum holders has continued to rise, surpassing Bitcoin as of March this year.
As of now, the data shows that the proportion of long-term Bitcoin holders is 62.31%, while Ethereum has reached 75.06%. Although the proportion of long-term Bitcoin holders among all holders has declined, the proportion of Ethereum holders has increased, surpassing Bitcoin since the beginning of the year. The market's bullishness on Ethereum has gradually exceeded that of Bitcoin.
Ethereum has historically had the highest returns in Q1, and with Bitcoin's market dominance currently at a relatively high point, as well as a more favorable regulatory environment for innovation, Ethereum's performance in Q1 2025 is still worth looking forward to.
ETH leveraged long positions grew 50% in a week
The "long" position holdings of ETH leverage have grown from less than 71,000 ETH on December 22 to the current 104,847.23 ETH, an increase of 48%. This reflects the market's high expectations for ETH's future upside during its recent consolidation period.
A whale (address starting with 0xEd0) withdrew 40,000 ETH, worth about $133 million, from Bitfinex 2 hours ago at an average price of $3,326.7. Subsequently, the whale deposited 20,000 ETH into Aave and borrowed 40 million USDC, and has now recharged the entire USDC amount to Binance, possibly preparing to further increase their position.
Is ETH's recent performance and the whale's operations a sign that Ethereum will see a strong uptrend? Will the altcoin season fully bloom? It's worth keeping a close eye on.
It is recommended that investors maintain a defensive configuration in the near term, increase the allocation of top assets like BTC and ETH to enhance the risk-averse properties of their assets. While hedging risks, they can also participate in some high-yield DeFi projects.
