比特幣在實現的市值中將其領先於以太坊的領先優勢增加了85％

就實現的資本化而言，比特幣顯示出85％的領先優勢超過以太坊，這表明投資者對全球領先的加密貨幣的信心提高了。

Bitcoin has displayed a substantial lead of 85% over Ethereum in terms of realized capitalization, highlighting increased confidence from investors in the world’s leading cryptocurrency.

就已實現的資本化而言，比特幣在以太坊中表現出85％的領先優勢，強調了投資者對世界領先的加密貨幣的信心提高。

Since the collapse of the FTX exchange platform in November 2022, Bitcoin has experienced a spectacular growth in its realized capitalization, reaching 468 billion dollars, which is an increase of 117%.

自2022年11月FTX Exchange平台崩潰以來，比特幣的實現資本化經歷了驚人的增長，達到4680億美元，增長了117％。

During the same period, Ethereum only grew by 61 billion dollars, representing a rise of 32%.

在同一時期，以太坊僅增長了610億美元，佔32％。

Realized capitalization measures the actual capital flows by accounting for the price of the last movement of each unit on the blockchain. Analysts consider this indicator more reliable than simple market capitalization for assessing investor confidence.

實現的資本化通過考慮區塊鏈上的最後一個移動的價格來衡量實際資本流。分析師認為，對於評估投資者的信心，該指標比簡單的市值更可靠。

This performance occurs in a volatile market context, with Bitcoin trading around 79,563 dollars after a daily drop of 3.50%, while Ethereum fell by more than 8% to reach 1,516 dollars.

這種性能發生在動蕩的市場環境中，每天下降3.50％後，比特幣交易約79,563美元，而以太坊下跌了8％以上，達到1,516美元。

Record Profitability for Bitcoin Holders

記錄比特幣持有人的盈利能力

Glassnode highlights that Bitcoin has maintained profitability superior to that of Ethereum for 812 consecutive days, setting a historical record.

GlassNode強調了比特幣連續812天保持比以太坊優於以太坊的盈利能力，創造了歷史記錄。

The average holder of Bitcoin remains in positive territory, while the market value/realized value (MVRV) ratio of Ethereum has fallen below 1.0 since March 2025, indicating that the average investor is now at a loss.

比特幣的平均持有人仍處於積極的領域，而以太坊的市場價值/實現價值（MVRV）自2025年3月以來一直低於1.0，表明平均投資者現在虧損。

This difference in performance can especially be attributed to Bitcoin’s growing appeal among institutional investors and states as a strategic reserve, reinforcing its position as a benchmark digital asset.

這種績效的差異尤其歸因於比特幣在機構投資者和國家作為戰略儲備的吸引力日益增加，從而增強了其作為基準數字資產的地位。

Despite the current volatility, Bitcoin confirms its supremacy with an 85% lead over Ethereum in realized capitalization. This dominance now extends beyond financial markets, with China and Russia adopting it for their trade exchanges.

儘管目前的波動率仍具有波動性，但比特幣在實現的資本化中以85％的領先優勢確認其至高無上的領先地位。現在，這種統治地位超出了金融市場，中國和俄羅斯將其用於貿易交易所。