以太幣超越比特幣，長期持有者比例達 74.7%

加密貨幣市場見證了投資者長期持有行為的重大轉變，特別是以太幣（ETH）和比特幣（BTC）之間的轉變。

Bitcoin (BTC) and Ethereum (ETH) are experiencing contrasting trends in terms of long-term holding behavior among cryptocurrency investors.

就加密貨幣投資者的長期持有行為而言，比特幣（BTC）和以太幣（ETH）正經歷著截然不同的趨勢。

According to data, a growing percentage of Ethereum addresses are being classified as long-term holders, while the same metric for Bitcoin is decreasing.

數據顯示，越來越多的以太坊地址被歸類為長期持有者，而比特幣的相同指標正在下降。

As of January 2025, statistics indicate that nearly 74.7% of Ethereum addresses belong to long-term holders, a significant increase from earlier in the year when this figure was around 59%.

截至 2025 年 1 月，統計數據顯示，近 74.7% 的以太坊地址屬於長期持有者，較今年稍早的 59% 左右大幅增加。

In contrast, Bitcoin's long-term holder ratio has decreased from approximately 70% to just over 60% during the same period.

相比之下，同期比特幣的長期持有者比例從約 70% 下降至略高於 60%。

This shift in long-term holding behavior is an interesting development within the cryptocurrency market. It highlights how investors' strategies and preferences are evolving, and how these changes can impact the market dynamics and price movements of different cryptocurrencies.

這種長期持有行為的轉變是加密貨幣市場中一個有趣的發展。它強調了投資者的策略和偏好如何演變，以及這些變化如何影響不同加密貨幣的市場動態和價格走勢。

Several factors may be contributing to this trend and influencing investors' decisions regarding long-term holding strategies for Ethereum:

有幾個因素可能導致這一趨勢並影響投資者對以太坊長期持有策略的決定：

- Market Confidence: The growing percentage of long-term holders for Ethereum could be attributed to a broader confidence in the asset's trajectory and its potential for future growth. This sentiment may be bolstered by recent developments within the Ethereum ecosystem, such as upgrades, enhancements and upcoming events that are widely anticipated to improve its functionality, scalability and overall performance.

- 市場信心：以太坊長期持有者比例的不斷增長可能歸因於對該資產的軌跡及其未來成長潛力的更廣泛信心。以太坊生態系統內的最新發展可能會增強這種情緒，例如昇級、增強和即將舉行的活動，人們普遍預計這些活動將改善其功能、可擴展性和整體性能。

- Staking Incentives: The introduction of staking mechanisms, such as those available with ETH, allows holders to earn rewards by locking up their assets for longer durations. This not only encourages retention but also contributes to a more stable price environment by reducing the selling pressure on the market.

- 質押誘因：引入質押機制（例如 ETH 提供的機制）允許持有者透過更長時間鎖定資產來獲得獎勵。這不僅鼓勵保留，而且還透過減少市場的拋售壓力，有助於形成更穩定的價格環境。

- Price Volatility and Market Dynamics: While Bitcoin has experienced significant price fluctuations, including a recent drop below $92,000 before rebounding slightly above $94,000, Ethereum appears to be following a more positive trajectory. Analysts suggest that if ETH dips towards key support levels (e.g., around $2,800), it could serve as a launchpad for further price increases toward targets like $6,000.

- 價格波動和市場動態：雖然比特幣經歷了顯著的價格波動，包括最近跌破 92,000 美元，然後反彈至略高於 94,000 美元，但以太坊似乎正在遵循更積極的軌跡。分析師表示，如果 ETH 跌向關鍵支撐位（例如 2,800 美元左右），它可能會成為價格進一步上漲至 6,000 美元等目標的跳板。

- Comparative Analysis: Historically, Bitcoin has been viewed as the primary cryptocurrency for long-term investment, due to its first-mover advantage and role as a store of value. However, these shifting trends highlight how Ethereum is currently outpacing Bitcoin in terms of long-term holder ratios, signaling a potential shift in investor sentiment and market positioning between these two leading cryptocurrencies.

- 比較分析：從歷史上看，比特幣因其先發優勢和價值儲存的作用，一直被視為長期投資的主要加密貨幣。然而，這些變化趨勢凸顯了以太坊目前在長期持有者比率方面如何超越比特幣，這表明投資者情緒和這兩種領先加密貨幣之間的市場定位可能發生轉變。