#ETHvsBTC

Speculative divergence between Bitcoin and Ethereum:

*Bitcoin has seen a surge in speculative activity since last year, while Ethereum has not surpassed its 2021 all-time high.

*This has led to ETH underperforming compared to BTC.

*Glassnode attributes this to the lack of new capital inflows into Ethereum and the focus on Bitcoin spot ETFs.

* However, both assets still have relatively low realized capitalization among long-term holders, suggesting the market may be in the early stages of a bull run.

#Bitcoin#Ethereum #altcoins