BTC vs ETH Performance

In recent mid-term performance, BTC is outdoing ETH in the market despite 67% of ETH holders still being in profit. Bitcoin’s decentralization is notable: large holders own only 11% of the total supply, while ETH has a more concentrated supply, with large owners holding 54%. Thus, while ETH may appear weaker, its holders have a similar grip over both BTC and ETH.

Comparison of BTC and ETH

In the current bull market, $BTC is outperforming $ETH. However, even at current price levels, 67% of $ETH holders remain in profit. Ethereum’s supply is concentrated, with large holders owning over 0.1% of the total supply, resulting in a risk of manipulation by large investors.

Bitcoin and Ethereum in the Race: On-Chain Analysis

91% of Bitcoin owners are benefiting, with only 4% in loss and 5% neutral. In contrast, 28% of ETH owners are in loss, 5% are breaking even, and 67% still make a profit. Therefore, BTC faces less pressure for selling out.

Whale activity illustrates the difference in concentration: 11% of BTC and 54% of ETH are held by large investors. BTC’s correlation is 1.00, whereas ETH’s is 0.97.

Holder Composition Based on On-Chain Analysis

72% of BTC holders have held it for over a year, while only 23% are between one month to one year. New traders constitute merely 5% with holdings of less than 30 days.

In comparison to BTC, 74% of ETH holders have also held it for over a year. 23% are holding for 30 days to 12 months, and 4% are under 30 days.

In conclusion, both BTC and ETH hold strong market positions. However, BTC has lesser whale concentration, making ETH more vulnerable to larger market moves.