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In recent mid-term performance, BTC is outdoing ETH in the market despite the fact that 67% of the ETH holders are still in profit. Bitcoin is more decentralized as its large holders own only 11 percent of the total supply. On the other hand, ETH has a more concentrated supply, and the large owners hold 54% percent supply. Though it feels like ETH does not have a strong standing, yet the holders have an identical grip over BTC and ETH.
Comparison of BTC and ETH
In the current bull market, $BTC is outperforming $ETH. However, even at the current price levels, 67% of $ETH holders remain in profit.#Ethereum’s supply is more concentrated, with large holders, those owning over 0.1% of the total supply,… pic.twitter.com/5ktpLTbjZH
— CryptoRank.io (@CryptoRank_io) February 17, 2025
Bitcoin and Ethereum in the Race: On-Chain Analysis
91% of Bitcoin owners are benefiting, with only 4% in loss and 5% neutral. On the other hand, 28% of ETH owners are in loss, 5% are in even phase and 67% still being in profit. BTC is thus under less pressure for being sold out.
Whale activity shows that 11% of BTC and 54% of ETH is being concentrated by large investors. ETH is more at risk of manipulation by large investors. BTC’s correlation is 1.00 and ETH has a very high correlation in comparison i.e., 0.97.
Holder’s Composition as per Bitcoin and ETH’s On-Chain Analysis
72% of BTC holders have held it for 1 year with only 23% among 1 month-1 year. New traders are only 5% with a holding of less than 30 days.
In comparison, 74% holders of ETH are promising more than 1 year. 23% investors are holding it for 30 days to 12 months and under 30 days are only 4 percent.
To conclude the report of Crypto Rank io, both BTC and ETH have strong market holding. However, BTC has lesser whale concentration than ETH, rendering ETH more vulnerable for larger moves.
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