Bitcoin shows high unrealized gains without signs of panic selling: Is a new ATH coming soon?
After an increase of approximately 22.5% in the last 30 days, Bitcoin ($BTC ) has raised concerns in the cryptocurrency market, as its rally might be about to exhaust, with a potential price correction on the horizon. However, the latest on-chain data reveals that, despite the high unrealized gains, there are still no signs of increased selling pressure for the leading cryptocurrency.
Bitcoin's unrealized gains remain high, but there are still no panic sales
According to a recent post by CryptoQuant Quicktake from Bitcoin analyst Crazzyblockk, the group of new investors (those who have held BTC for less than a month) currently has unrealized gains of 6.9%.
