Ethereum’s Realized Cap Growth Outruns Bitcoin and Solana
On-chain data from Glassnode shows that the 30-day Realized Cap percentage change for Bitcoin (BTC) and Solana (SOL) has slowed over the past week, dropping from 6.66% to 5.46% for BTC and from 6.34% to 4.84% for SOL. In contrast, Ethereum’s (ETH) Realized Cap growth accelerated from 5.32% to 6.41%, suggesting capital rotation into ETH. Top memecoins held flat, indicating cooled risk appetite.
Glassnode also reports a strong BTC Accumulation Trend Score near 1 for both small (<1 BTC) and large (>10 000 BTC) investors, reflecting dip-buying behavior. At press time, BTC trades around $115,100, down over 2% in the last week. Traders may view this divergence in Realized Cap trends as a signal for shifting capital flows and potential volatility in the short term.
Bullish
On-chain data showing sustained Realized Cap growth across major tokens indicates ongoing capital inflows and investor confidence. Ethereum’s accelerating Realized Cap, rising above 6%, suggests rotation into ETH from BTC and SOL, a pattern reminiscent of the 2021 altcoin season where ETH outperformed after capital shifted post-BTC rally. Coupled with high Accumulation Trend Scores for both small and large Bitcoin holders, the indicators point to dip-buying behavior and strong demand at current levels.
In the short term, traders may favor ETH due to its momentum, potentially amplifying ETH price gains and market liquidity. Bitcoin and Solana may experience sideways to modest upward movement as inflows moderate. Over the long term, persistent realized cap growth across cryptocurrencies supports overall market bullishness, underpinning higher price floors and signaling readiness for the next leg of the bull cycle.