On-chain data shows that the unrealized profits of Bitcoin whales continue to rise, which may imply adjustment risks. Since the beginning of this month, the unrealized profits of wallets holding 1000-10000 BTC have surged by about 38%, reaching 150 billion USD, a new high since February.
Looking back at history, when unrealized gains approach 200 billion USD, large investors often choose to take profits, leading to a slowdown in asset upward momentum.
This indicator change is worth highlighting for investors.
