Bitcoin Investors Outpace Ethereum Holders as Profit Gap Widens
For more than two years, Bitcoin holders have enjoyed significantly stronger returns than Ethereum investors — a trend highlighted by recent on-chain data.
While Ethereum has struggled through market turbulence, Bitcoin has steadily widened the gap in investor profitability.
Behind the numbers is the MVRV ratio, a measure comparing the current market price to the price at which each coin last moved. Glassnode reports that Bitcoin’s ratio has outperformed Ethereum’s for over 800 days, showing that most BTC holders are still in profit. Meanwhile, ETH’s MVRV slipped below one — often a sign of broader losses among investors.
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During the post-FTX recovery period, Bitcoin’s realized value ballooned by hundreds of billions, dwarfing Ethereum’s growth. Even in the most recent bull rally, BTC surged nearly 70%, while ETH barely crossed the 50% mark. That momentum shift became more evident during April’s early dip, where ETH took a steeper hit compared to Bitcoin’s minor pullback.
The uneven performance has started to affect sentiment. Some long-time ETH whales are reportedly exiting their positions, hinting at waning confidence — or at least an appetite for rotation. Still, this doesn’t spell the end for Ethereum. If anything, its current lows could offer an entry point. Renewed interest, along with major regulatory milestones like ETF approval, could reinvigorate the asset.
Right now, the profitability scoreboard leans heavily toward Bitcoin. But as history shows, crypto markets don’t stand still. Ethereum’s recovery isn’t guaranteed — but neither is its decline.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
