Bitcoin (BTC) surpassed more than 85% in realized market capitalization growth, according to data provided by the on-chain analytics platform GlassNode on April 10th.
So, Bitcoin not only controls Ethereum as the largest cryptocurrency by market capitalization, but has also turned Ethereum over its entire investment capitalization, represented as realized capitalization.
This data comes amidst the volatile market situation where we saw major cryptocurrencies showing mixed signals when we returned to the red zone after experiencing a serious gathering the day before.
Bitcoin has dropped 3.50% to $79,563.20 over the past 24 hours, according to data from CoinmarketCap. Meanwhile, Ethereum’s price fell by more than 8%, with coin trading at the deepest slump at $1,516 at press time.
Bitcoin Investor Profitability Blasts Historic Stretch
The data shows that Bitcoin’s realised capitalization has increased significantly by $468 billion, a massive increase of over 117% since the shocking FTX crash in November 2022.
But, on the other hand, Ethereum has only seen its realized capitalization increase by $61 billion, showing a surge of around 32% from the same period.
The metric that measures the actual capital flow of cryptocurrencies represents the accumulation of the value of each coin at the price that was last moved by the chain. So, this metric suggests that Bitcoin maintains investor confidence in Ethereum despite recent volatility.
According to a chart shared by GlassNode, both Bitcoin and Ethereum are experiencing positive growth on this metric. Ethereum also saw significant growth in capital inflows, but its growth lags behind Bitcoin, increasing rapidly, exceeding 117% in about two years.
As Bitcoin has maintained its bullish behavior for months, GlassNode further highlighted Bitcoin’s control in investor profitability, with assets still maintaining higher investor profitability than 812 days of Ethereum.
The MVRV delta between the two assets confirms that the profitability of $BTC investors exceeds $ETH for 812 consecutive days. This is the best record ever. This persistent trend highlights the structural differences between the two assets throughout this cycle. pic.twitter.com/f7bpsuzgmr
– GlassNode (@GlassNode) April 10, 2025
By marking the longest stretch ever recorded, the data reveals that the average Bitcoin holder is profitable. Meanwhile, Ethereum’s market value for realised value (MVRV) has been below 1.0 since March 2025, suggesting that the average Ethereum investor is currently underwater.
