<\/p>\n
- \n
- The average holding time of Bitcoin is around four years, while Cardano\u2019s is less than a year.<\/span><\/em><\/li>\n
- BTC long-term holders have seen more profit than ADA.<\/span><\/em><\/li>\n<\/ul>\n
Bitcoin\u2019s [BTC]<\/a> dominance extends beyond its price, as shown by key metrics in the past. <\/span><\/p>\n
Recent data from IntoTheBlock<\/a> comparing Bitcoin and Cardano [ADA]<\/a> further solidified the dominance of the former, despite Cardano\u2019s role as a decentralized platform. <\/span><\/p>\n
According to the data analyzed by AMBCrypto, Bitcoin boasted a longer average holding time, standing at four years, compared to Cardano\u2019s at 11.4 months. <\/span><\/p>\n
This difference in holding times suggests that Bitcoin has attracted holders who anticipate a potential future price increase. This is also given the substantial volume these tokens have witnessed over the years.<\/span><\/p>\n
Comparing Bitcoin and Cardano Sentiment in the last months<\/b><\/h4>\n
An analysis of the funding rates for Bitcoin<\/a> and Cardano on Coinglass<\/a> showed notable patterns upon comparison. ADA showed a higher frequency of negative funding rates over the past five months than BTC. <\/span><\/p>\n
This implies that ADA traders have taken more short positions anticipating a price decline than BTC traders. During this period, BTC\u2019s highest negative funding rate was around -0.017%, whereas ADA experienced around -0.062%.<\/span><\/p>\n
Furthermore, regarding positive funding rates, ADA\u2019s highest in the same timeframe was around 0.04%, slightly lower than BTC\u2019s 0.05%. <\/span><\/p>\n
These trends in funding rates show that, for a significant portion of the year, Bitcoin has generally attracted more positive sentiments than Cardano<\/a>.<\/span><\/p>\n
Analyzing the Bitcoin and Cardano 3-year MVRV<\/b><\/h4>\n
An examination of the 3-year Market Value to Realized Value ratio (MVRV) for Bitcoin and Cardano sheds light on the preferences of long-term holders favoring BTC. <\/span><\/p>\n
The MVRV analysis for ADA showed a higher frequency of trends below zero compared to BTC. Over the year, ADA\u2019s MVRV was around -50% until recently. However, as of the time of writing, it was around 1.9%.<\/span><\/p>\n
![\"Cardano](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/12\/Cardano-ADA-08.41.58-30-Dec-2023.png\")
<\/a><\/p>\nSource: Santiment<\/p>\n<\/div>\n
In contrast, BTC\u2019s MVRV ratio went above zero around October, showing more upward trends. As of this writing, BTC\u2019s MVRV was around 20.5%, despite a recent decline. <\/span><\/p>\n
This positioning showed that holders of BTC over the past three years have been holding a profit of over 20%. On the other hand, ADA holders were holding around 1.9% profit during the same period. <\/span><\/p>\n
This difference in MVRVs provided insights into why BTC has attracted more long-term holders than ADA.<\/span><\/p>\n
![\"Bitcoin](\"image\/svg+xml,%3Csvg%20xmlns=\")
![\"Bitcoin](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/12\/Bitcoin-BTC-08.42.11-30-Dec-2023.png\")
<\/a><\/p>\nSource: Santiment<\/p>\n<\/div>\n
Gauging Bitcoin and Cardano in profit<\/b><\/h4>\n
As per CoinMarketCap\u2019s<\/a> latest data gauged by AMBCrypto, the press time circulating supply for Bitcoin and Cardano was around 19.5 million and 35.3 billion, respectively.<\/span><\/p>\n
Examining the profit circulation on Santiment showed that Bitcoin had a higher percentage of its circulating supply in profit compared to Cardano.<\/span><\/p>\n
At the time of writing, the chart analysis showed that around 16.8 million BTCs were in profit, representing over 85% of the circulating supply.<\/span><\/p>\n
Conversely, the analysis for ADA showed that around 27 billion was currently in profit, accounting for around 76% of the circulating supply. <\/span><\/p>\n
Similar to the MVRV analysis, these findings highlight the profitability of holders. Also, it provided insights into why one asset has attracted more long-term holders than the other.<\/span><\/p>\n
BTC and ADA see slight downtrends<\/b><\/h4>\n
Bitcoin has experienced various price rallies throughout the year, with the most recent surge beginning around October. This corresponds to the period when its 3-year MVRV started an upward trajectory. <\/span><\/p>\n
Conversely, Cardano\u2019s recent rally started in October, but its MVRV was not impacted until December.\u00a0<\/span><\/p>\n
- BTC long-term holders have seen more profit than ADA.<\/span><\/em><\/li>\n<\/ul>\n
![\"ADA\/USD](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/12\/ADAUSD_2023-12-30_07-46-05.png\")
![\"BTC\/USD](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/12\/BTCUSD_2023-12-30_07-51-45.png\")