Glassnode shows over $1.2 TRILLION in unrealized BTC profits.

That’s massive. Most holders are deep in the green—one of the clearest signs this cycle is cooking.

But here’s the flip side 👇

Unrealized profit = potential sell pressure.

If sentiment flips or macro shakes, that $1.2T can turn into real exits—fast.

Right now the data still leans bullish:

→ Whales are chilling

→ No major distribution

→ NUPL nowhere near euphoria

But in crypto, euphoria always whispers before it yells. One second you’re vibing, next second… exit signs.

So yes, it’s bullish. But don’t get too comfy.

Paper profits become real the moment someone hits sell.

Remember that.