Bitcoin Smacks Ethereum: 85% Realized Cap Domination!

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Bitcoin (BTC), the digital equivalent of a grumpy old wizard who somehow always wins, has left Ethereum in the dust with an 85% lead in realized market capitalization growth. According to Glassnode, the on-chain analytics platform that probably has a crystal ball, this happened on April 10. 🧙‍♂️

So, not only is Bitcoin the undisputed heavyweight champion of the crypto world, but it’s also flipped Ethereum in the “who’s got more invested capital” game. Realized capitalization, they call it. Fancy term for “we’re winning, and you’re not.”

This revelation comes amidst a market that’s more volatile than a cat in a room full of rocking chairs. One day, cryptocurrencies are rallying like they’ve just discovered caffeine, and the next, they’re back in the red zones, sulking like teenagers.

According to CoinMarketCap, Bitcoin has dipped by 3.50% to $79,563.20 in the last 24 hours. Ethereum, however, has taken a nosedive worthy of an Olympic diver, plummeting over 8% to $1,516. Ouch. 🏊‍♂️

Bitcoin Investors: Swimming in Profit Like Scrooge McDuck

Bitcoin’s realized capitalization has ballooned by a whopping $468 billion since the FTX crash in November 2022. That’s a 117% increase, folks. Meanwhile, Ethereum has only managed to scrape together $61 billion, a measly 32% growth. It’s like comparing a gold mine to a piggy bank. 🐷

Realized capitalization, for those who skipped Econ 101, measures the actual capital flow of cryptocurrencies. It’s the sum of each coin’s value at the price it last moved on-chain. In simpler terms, Bitcoin investors are feeling smug, while Ethereum investors are probably Googling “how to cope with financial regret.”

Glassnode’s chart shows both Bitcoin and Ethereum have seen growth, but Ethereum’s is more of a gentle stroll compared to Bitcoin’s Usain Bolt sprint. Bitcoin’s investor profitability has been higher than Ethereum’s for 812 consecutive days. That’s over two years of Ethereum investors muttering, “Why didn’t I just buy Bitcoin?”

The MVRV delta between the two assets confirms $BTC investor profitability has exceeded $ETH for 812 consecutive days – an all-time record. This sustained trend underscores the structural divergence between the two assets throughout this cycle.

— glassnode (@glassnode) April 10, 2025

This marks the longest stretch ever recorded, meaning the average Bitcoin holder is sitting pretty. Meanwhile, Ethereum’s MVRV has fallen below 1.0 since March 2025, suggesting the average Ethereum investor is now underwater. Not the kind of swimming anyone enjoys. 🏊‍♂️

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2025-04-10 23:16