Bitcoin Transitions to Store-of-Value Asset as Ethereum Maintains High Network Activity

Bitcoin increasingly functions as a long-term savings instrument with holders transferring coins to cold storage and maintaining positions through market volatility, according to Glassnode research. Ethereum sustains continuous circulation through DeFi protocols, smart contracts, and staking mechanisms, with long-term ETH holders interacting with their assets three times more frequently than BTC holders. Approximately 25% of total ETH supply remains locked in staking or ETFs, demonstrating store-of-value demand alongside operational utility.