- Bitcoin has outperformed Ethereum by 85% in realized capitalization growth, reflecting stronger investor confidence and profitability.
- Despite market volatility, BTC holders remain largely in profit, while most ETH investors are now underwater.
Bitcoin (BTC) has once again asserted its dominance over Ethereum (ETH), this time by a staggering 85% in realized market capitalization growth, according to the latest Glassnode data released on April 10. In a market grappling with volatility, BTC is proving to be the more resilient asset—not just in price action but in long-term investor profitability.
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Realized capitalization, which reflects the actual invested capital by measuring the value of coins at their last on-chain movement, has become a critical indicator of investor confidence. Since the collapse of FTX in late 2022, Bitcoin’s realized cap has surged by over $468 billion—an impressive 117% growth. In contrast, Ethereum’s realized cap has only grown by $61 billion, a 32% increase during the same timeframe.
This metric shift is more than just a number—it signals a clear preference among investors for Bitcoin over Ethereum, particularly in times of market uncertainty. Despite recent corrections that saw BTC drop 3.5% to around $79,500 and ETH tumble by over 8% to $1,516, BTC holders are, on average, still sitting on profits. Ethereum investors, meanwhile, have dipped into negative territory, with the asset’s market value to realized value (MVRV) ratio falling below 1.0 since March 2025.
The Glassnode data also reveals that Bitcoin has now maintained higher investor profitability than Ethereum for a record-breaking 812 consecutive days. This is the longest stretch ever recorded and solidifies Bitcoin’s reputation as the more reliable store of value in the crypto space.
As legendary analyst John Bollinger signals a potential bottoming pattern for BTC, the sentiment around Bitcoin appears to be strengthening. In contrast, Ethereum faces criticism for being “overvalued,” with its recovery prospects appearing murkier in the near term.
With capital flowing steadily into Bitcoin and retail investors reportedly stacking over 10,000 BTC daily, the king of crypto seems poised to retain its crown—even in the face of market turbulence. Ethereum may remain a strong contender in the altcoin space, but when it comes to realized gains and investor loyalty, Bitcoin is clearly leading the charge.