Bitcoin is once again leading the charge in the crypto world, pulling ahead of Ethereum not only in market value but also in realized capitalization—a key metric that reflects how much actual money has been invested into the asset. According to data from analytics firm Glassnode, Bitcoin’s realized cap has grown more than 85% higher than Ethereum’s, highlighting a clear preference among investors.

Realized capitalization measures the value of all coins based on the price they were last moved on the blockchain. Unlike regular market cap, which is influenced by current prices and speculation, this metric shows real capital inflows—essentially, how much money people have truly put into a cryptocurrency.

Since the collapse of FTX in late 2022, Bitcoin’s realized cap has grown by a massive $468 billion, marking a 117% increase. In comparison, Ethereum’s growth has been much smaller, with only $61 billion added to its realized cap—just a 32% rise over the same period. This shows that while both assets are growing, Bitcoin is doing so at a much faster pace.

This trend points to a stronger level of trust in Bitcoin. Even though the market has seen some ups and downs lately, investors seem to be more comfortable putting their money into Bitcoin. Over the past 24 hours, Bitcoin’s price has dropped by about 3.5%, trading around $79,563, while Ethereum has seen a steeper fall of over 8%, sitting at $1,516.

What’s even more telling is investor profitability. Bitcoin holders have been in profit more consistently than Ethereum investors. In fact, Bitcoin has outperformed Ethereum in terms of average investor profits for 812 straight days—a record streak. That means for over two years, the typical Bitcoin investor has been making gains, while Ethereum holders are currently seeing more losses.

Another important metric, the MVRV ratio (market value to realized value), also favors Bitcoin. Ethereum’s MVRV has dropped below 1.0 since March 2025, which suggests that many of its investors are holding at a loss. Meanwhile, Bitcoin’s MVRV is still above 1.0, meaning most of its holders are in profit.

Although Ethereum continues to be a major player in the crypto space, it’s clear that Bitcoin is attracting more serious investment. The rapid growth in Bitcoin’s realized cap suggests that both retail and institutional investors see it as a safer and more valuable long-term asset.

This pattern isn’t new—Bitcoin has a history of leading in bullish markets and holding its ground better during downturns. Right now, the numbers confirm that trend once again. Its steady growth, higher profitability, and stronger investor confidence make Bitcoin the standout choice in a market full of uncertainty.

As market conditions remain unpredictable, Bitcoin’s solid metrics in terms of realized capitalization, investor profitability, and institutional backing reinforce its leadership role in the crypto space. While Ethereum continues to innovate and play a major role in decentralized applications and smart contracts, Bitcoin’s dominance in key on-chain metrics shows that it remains the go-to digital asset for most investors.

In summary, Bitcoin’s solid performance, combined with its historical growth, investor trust, and role as a financial safeguard, keeps it at the forefront of the cryptocurrency market. As the space evolves, Bitcoin’s position as the king of crypto seems unlikely to be challenged anytime soon.