Investors Hold ETH For Long Term
Glassnode informs, more than 77% of all ETH coins that are not involved in smart contracts have not moved for more than six months. Besides, 57.6% remained there for a year, and 31.6% for two years.
This means that investors are in no hurry to sell their assets keeping a long-term strategy. Along with this, the ETH rate has grown by more than $100 over the past six months, still, it did not make the vast majority of investors to fix profits.
Bitcoin holders adhere to similar strategy, from the information provided by Glassnode agency, 42.8% of all BTC coins have not been moved over the past 24 months.