Summary
- Bitcoin long-term holders are shedding their holdings, while Ethereum holders are continuing to accumulate.
- Ethereum holders are preparing for new yield opportunities and upcoming ETFs, which is driving the divergence between BTC and ETH.
- Both BTC and ETH lost nearly 2% of their value in the past week on Binance.
- Ethereum’s long-term holders are refraining from selling, believing in the potential gains of the altcoin.